Things we're reading today include ...
Today's must read
Just to cheer you up, it is exactly eighty years ago today that 'Black Tuesday' hit Wall Street and the stock market crash started what became the Great Depression:
October 29th 1929.
Thank goodness that will never happen again!
Jamie Dimon on the financial crisis (Business Week)
Geithner on 'too big to fail,' stress tests
(Business Week)
'It came from Downing Street,' said Paulson (Times)
Tesco rules out Northern Rock takeover (Guardian)
Lloyds to quiz investors over £25bn cash call (Telegraph)
Iceland pins hopes on financial outsider (Financial Times)
Pew Report Finds Deceptive Credit Card Practices Remain Widespread (The Pew Report)
A brave new future for high street banks (Telegraph)
The Top 10 internet scams of the 2000's (Billshrink)
Quote of the Day:
“It goes without saying that the more upper-class you dress, the less likely you shall be denied entry.”
Citigroup worker Lucy Gao in her legendary email invite to her 21st birthday party makes it to #2 in the all-time list of email gaffes
Chart of the Day (doubleclick to enlarge):
Are we coming out of recession? from the Mint Blog
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...
