Things we're reading today include ...
UK Laws Change
Queen outlines new banking laws - BBC
Queen's Speech: what the Financial Bill really means for bankers' bonuses - The Telegraph
Companies
Lloyds sell-off plans approved - The Independent
Société Générale tells clients how to prepare for 'global collapse' - The Telegraph
AmexCo to buy online payments business - Financial Times
JPMorgan unveils £1bn Cazenove deal - Financial Times
Citigroup's Pandit to take 1 salary after deal with US pay tsar - The Telegraph
UK banks in worse trouble than others Experian warns - The Telegraph
Credit card security breach fear - BBC
Quote of the Day:
“The company is constantly telling us to do things, but I think this is
the first time the corporate agenda has made its way to the bedroom ... I’m not sure how many more babies will be conceived this week, but the bar next door to the headquarters should do well.”
Staff member at Tokyo's Mitsubishi UFJ Bank, who were told to leave early and make babies
Go home and multiply! Bank gives staff an early night to halt Japan’s falling birthrate - The Times
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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...