Things we're reading today include ...
Today's must read:
For a long time, there's been a story brewing about SWIFT sharing bank transaction details with the US Government. Now, it's all over Wikileaks ...
EU draft council decision on sharing of banking data with the US and restructuring of SWIFT, 10 Nov 2009
EU to hand over financial transactions data to US government
SWIFT agreements completed (Taz.de)
Other news
Russia must cast off communist legacy or collapse, says Medvedev - The Times
EU: regulate hedge fund pay just like the banks - The Telegraph
RBS tries to defuse investor anger over Hampton - The Telegraph
RBS chairman Sir Philip Hampton is not a man to shy away from a challenge - The Telegraph
EU delays adoption of accounting rule changes - Financial Times
Executive pay on Wall Street is too high, says Bill Gates - BBC
Quote of the Day:
“Visa and MasterCard probably look at PayPal as the enemy and they probably should, but that’s their problem, not mine.”
John Schulte, Senior Vice President and Chief Information Officer, Mercantile Bank of Michigan
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...