Things we're reading today include ...
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Today's must see:
Review of Michael Moore's new film 'Capitalism: A Love Story' in USA Today:
"This is quintessential Moore, with a clear-cut agenda: Capitalism has
superseded democracy, encouraged corruption and greed, and failed our
nation."
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G20 Wrap-up
G20 agrees on time table for reforms (CNN)
Leaders of G-20 Vow to Reshape Global Economy (New York Times)
G20 promises: 'Overhyped and ineffective' (Independent)
G20 moves against bankers' pay and bonuses (Times)
Obama hails 'tough regulations' (BBC)
Alistair Darling acts on bank bonuses (Times)
Brown: Our bank bonus regulation will be toughest in the world (Guardian)
Companies
Northern Rock 'should be mutual' (BBC)
Santander takes pole as rivals languish in the pits (Financial Times)
Barclays goes on a spree (Times)
(Wells Fargo) The last bank left standing for small businesses (CNN)
Economies
City hedge fund exodus begins (Times)
Interview with Jean-Claude Trichet (Corriere della Sera)
The Great Wall Embraces Wall Street (Climate Biz)
General Interest
Banking on the Unbanked (MINT Blog)
Ants vs. worms: Computer security mimics nature (Net Security)
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Quote of the Day
"I know lots of people in the City whose interests don't include
visiting Ferrari dealerships and dining at Michelin-starred
restaurants."
Patrick Vickers, a credit derivatives trader and a member of Fight Club
Where City suits strip off for some very brutal business (Guardian)
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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...