It's midnight in the UK and 7:00 here in Hong Kong. Hello Tuesday.
The good news is that Typhoon Koppu has blasted its way around the peninsula and was just a wee thunderstorm after all that …
… my hotel is still standing, which is probably better than can be said about some of the delegates having seen their antics last night (you know who you are 🙂 ).
Anyways, things worth reading today include:
Obama urges Wall Street co-operation (Financial Times)
Barack Obama: banks could cause another recession (Times)
UK banks ‘face £130bn more in losses’ (Financial Times)
Derivatives still pose huge risk, says BIS (Telegraph)
France to count happiness in GDP (Financial Times)
Nicolas Sarkozy threatens G20 walkout over bonuses (Times)
BoA ordered to prepare for trial over Merrill merger (Telegraph)
BoA prepares for trial over Merrill merger (Times)
Quote of the Day:
"Their aspiration to be the best bank in the world matches our aspiration to be the best at what we do."
Christian Purslow, Liverpool Football Club Managing Director, announcing their £20 million ($32 million) a year sponsorship deal with Standard Chartered Bank