Things we're reading today include ...
Today's must read:
"Amazon launched a new service which brings the company's payment processing tools to mobile devices. Called the 'Amazon Mobile Payments Service',
the technology includes a set of APIs (application programming
interfaces) for mobile developers which will allow them to provide
payment options to their customers within mobile websites and mobile
applications."
Amazon Brings 1-Click Payments to Mobile (GigaOM)
Currencies
Euro is Ireland’s life-jacket – and straitjacket (Telegraph)
Euro won't fix trade gaps - Trichet (RTE)
The demise of the dollar (Telegraph)
Dollar's demise plotted by oil producers, China and France, report says (Telegraph)
Companies
Citigroup: Saudi Prince Wants U.S. to Sell. Bad Sign for Shares? (Wall Street Journal)
Goldman Sachs on Wells Fargo: Markets Miss ‘Dramatic Improvement’ at Big Banks (Wall Street Journal)
Standard Chartered strength in Asia is reassuring (Telegraph)
Crisis
IMF policies deepened financial crisis, says CEPR (Guardian)
Report on Wall Street banks' bailouts says US Treasury misled public (Guardian)
"Too big to fail" must end for all: FDIC chief (Reuters)
Regulations
FSA liquidity rules (Financial Times)
FSA's tough new liquidity rules could cost British banks up to £9.2bn a year (Telegraph)
Quote of the Day
"If God didn't want us to eat animals, why did he make them out of meat?"
Homer Simpson
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...
