Things we're reading today include ...
Today's must read:
"Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007."
Goldman Sachs’s Tax Rate Drops to 1%, or $14 Million (Bloomberg)
Bankers are forced to disclose pay
- The Times
Sir David sharpens his bank reforms - The Independent
Walker tells bank investors to be more involved - The Telegraph
Bank of England starts debate on lending surcharges - The Telegraph
Bank customers in line for £6bn refund of overdraft charges - The Times
Britain's bank bailout may have broken rules says WTO - The Telegraph
Regulator's torch to light up dark pools - Financial Times
Brussels warns on accounts rules - Financial Times
Tesco moves closer to full banking - The Telegraph
Mortgages before current accounts at Tesco - Financial Times
Nationwide lashes out at rescued banks - Financial Times
RBS dumping toxic assets on Ireland - The Times
Investors tell Goldman Sachs board to curb bonuses - The Telegraph
Dame Clara Furse to join the board at Nomura - The Telegraph
Wills Fargo swing band forced to change name by Wells Fargo - The Telegraph
Money
Cheques to be bounced into history - The Times
Markets
Soul-searching has much further to go - Financial Times
Quote of the Day
"We can't make the loan and we can't get a credit score because you're deceased."
Sorry, No Mortgage: Experian Says That You're Dead (Consumerist)
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...