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Things worth reading: 7th August 2009

Things we're reading today include …


Bank of England governor sees danger in taking his foot off the accelerator (Guardian)
Bank of England surprises markets with move to increase 'printing money' plan (Telegraph)
Bank wants extra £50bn for 'fragile' economy (Independent)

Commerzbank reports more losses
AIG breakup nets Wall Street $1 billion bonanza: report (Reuters)
Judge raps $33m bank bonus fine (BBC)
Wal-Mart family bankers buy into Kansas City (Kansas City)

City Diaries: 7 August (Bonuses) (BBC)
Rebuilding the banks (Economist)

Deutsche Sees 48% of All US Mortgages Underwater in 2011  (Housing Wire)
Google Maps Shows Foreclosure Status (Calculated Risk)


Quote of the Day
"We used to think it was enough just to sell healthy food, but we … sell a bunch of junk."John Mackey, CEO, Whole Foods Market Inc (Wall Street Journal)


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About 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...

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