Things we're reading today include ...
Today's must read:
What the G20 Finance Ministers actually agreed
23 page pdf summarising key agreements
Bonuses (again!)
EU pushes for clampdown on bankers' bonuses (Euractiv)
EU leaders want unity on financial regulation ahead of G20 (Euractiv)
G20 pledges tougher bank action (BBC)
City anger as Brown signs up to bonus cap (City AM)
London G20 meeting rejects plan to cap bankers' bonuses (Independent)
Bailed out bank execs likely to get 'big windfalls'?! (New York Daily News)
And the rest
Bischoff faces bulging in-tray on his Lloyds debut (Financial Times)
Lloyds bank must join government asset protection scheme (Times)
Banks are overvaluing toxic property loans, experts warn (Guardian)
Building societies attack new FSA regulations (Times)
Blame bankers and regulators, not the market (Times)
UK was hours from bank shutdown (Guardian)
Five more banks shuttered, bringing '09 total to 89 (Daily Finance)
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Quote of the Day
Citigroup "were a sacred cow. If the sacred cow gets
mad cow disease, you’ve got to put it down."
Barry Ritholtz, Economist in the New Jersey Business News
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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...
