Things we're reading today include ...
Companies
Lloyds asks taxpayers for another £5bn (Guardian)
UK government won't underwrite Lloyds rights, report (Telegraph)
Lloyds in talks to sell HBOS private client assets (Times)
Commerzbank sells off Kleinwort (BBC)
JPMorgan Chase’s towering income lifts bank shares (Times)
J.P. Morgan Chase Results: Four Analyst Quick Takes (Wall Street Journal)
Goldman Sachs poised to inflame row on bankers' pay with strong third quarter results (Telegraph)
People
Bruce Wasserstein dies (Telegraph)
Financier who lost millions of investors' money feared missing (Telegraph)
Missing financier facing police inquiry over alleged £70m debts (Times)
FSA cracks down on City job candidates (Times)
General
Seven financial mistakes that ended disastrously (Bill Shrink)
Quote of the Day:
"I also had women speak to me and say that prostitution was being used in client deals or in ways to generate
business – and that all of this culture created a very hostile
environment, as you would expect, for female employees."
Kat Banyard of the Fawcett Society testimony to the Treasury select committee
City bankers 'regularly offer prostitutes to clients' (Guardian)
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...
