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Things we're reading today include …
Today's must read
Was the Twitter DDoS attack Cyber Warfare? (Search Engine Journal)
"The attack on Twitter was also directed at FaceBook. For hours, as
CNN, BBC, Yahoo and others reported on this remarkable incident, there
was a great deal of speculation as to what caused the outage … CNET was first to break the story
that the DDoS attack actually targetted a single, Georgian blogger who
has been giving the Russian forces a run for their money."
Royal Bank of Scotland's results
RBS chief Stephen Hester says there is no 'miracle cure' as bank slumps to £1bn loss (Telegraph)
RBS gets honest in a sobering message to debt-addicted Britain (Telegraph)
RBS boss Stephen Hester on bad debts, bonuses and the economy (Telegraph)
What RBS's results say about QE (Robert Peston)
RBS offering footballers and wealthy secret mortgage deals (Telegraph)
RBS and Lloyds bank shares soar on talk of APS changes (Telegraph)
Other bank news
France targets bankers' bonuses (BBC)
Investigation into Kaupthing loans to UK retailer's firm (Guardian)
Big four banks reveal gaping wounds from reckless lending (Times)
State-owned banks need their prophecies of recovery to be self-fulfilling (Telegraph)
Why the banks need Zopa (Zopa blog)
General
Death in the Recession: More Bodies Left Unburied (Time Magazine)
Did we have friends before social networks? (Times)
Women are better at ousting the boss than making money, academics say (Times)
Quote of the Day
“We sometimes feel as if commentators variously want us to go back to
over-lending, to operate on a ‘not for profit’ basis, to never
entertain a client and to offer employment conditions that deter the
best and brightest,”
Stephen Hester, CEO, Royal Bank of Scotland (Financial Times).
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