Things we're reading today include ...
Today's must read
Goldman has record trading days (Financial Times)
"Goldman Sachs
traders made more than $100m in revenues on each of a record 46 days
during the second quarter (2009), while losing money on just two days."
Companies
Lloyds blames HBOS for £13.4bn debts (Guardian)
Boost for Lloyds as bad debts hit peak (Financial Times)
Lloyds in demand in downbeat London (Market Watch)
Lloyds needs to apply some military efficiency for the battle ahead (Telegraph)
Allied Irish sees an end to the pain but reports big losses (Independent) (Yahoo)
Positive SocGen leads financials higher (Financial Times)
Goldman Faces Inquiries on Pay and Derivatives (New York Times)
U.S. government queries Goldman about compensation (Reuters)
Economy
Bank of England Faces Decision on Asset Purchases (New York Times)
Bank mulls stimulus scheme future (BBC)
High Frequency Trading
SEC Starts Crackdown on ‘Flash’ Trading (New York Times)
Computer-trading worries grow as NYSE builds new datacenter (ARS Technica)
Social Finance
Javelin: More Consumers Paying Bills Online With Banks Instead of at Individual (Biller) Web Sites (Yahoo)
Prosper Hosts Twitter Gimmick To Draw New Customers (P2P Lending News)
Teens quit networking but comms stay strong (Independent)
Quote of the Day
"Chase Bank does not have any actual (Facebook) group or fan pages that help the customer
or provide any information. On the contrary, they have more 'I hate
Chase Bank' groups than any other popular bank, with hundreds of
members bashing the bank and its services."
Social Networks and What They Say About Banks (My Bank Tracker)
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
