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Things worth reading: 9th September 2009

Things we're reading today include …

Today's must read

We published our PSD and SEPA research results yesterday and made a little bit of news:

National protectionism threatens to derail Payment Services Directive – report (Finextra)
Research Project Reveals Flaws in Europe's Payments Ambitions (GT News)

More on the way.

Company News

Barclays Capital fined £2.45m for data failure (Financial Times)
Cuomo considers charges against Bank of America execs (Market Watch)
Scrutiny threatens success of Baikal, says LSE  (Financial Times)
Dresdner sued for millions in withheld bonuses by 72 former traders  (Times)

Economic News

Banks promise $2.25bn to bolster trade (Financial Times)
July consumer credit falls a record $21.6 billion (Reuters)
The Impact of the Recession on Different Age Groups (Billshrink)
The cost of the financial meltdown: Deficits and spending (BBC)
America and Its Deficits: Are We Broke Yet? (Time Magazine)
UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’  (Bloomberg)

Regulatory News

US regulation reform blueprints set for revisions, says senator (Financial Times)
Changes to rules 'put bank profits at risk' (Financial Times)
Bankers in Europe Criticize Crackdown on Bonuses (New YorkTimes)
Top bankers defend bonuses (Canada's Globe and Mail)

Quote of the Day
"You know what, my mother loves me."
Richard Fuld, Chief Executive of Lehman Brothers when they collapsed in September 2008


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About Chris M Skinner

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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