Things we're reading today include ...
People
HSBC chairman Stephen Green warns excessive bank reforms will hurt recovery - The Telegraph
Standard Chartered chief Peter Sands says customers will bear cost of regulation - The Telegraph
Goldman boss says sorry and pledges cash - The Times
Barclays retail chief warns new entrants - Financial Times
BoA's Moynihan accused of lying over Merrill - The Times
Companies
Barclays accused of taking unfair advantage in Lehman purchase - The Telegraph
UBS sets out ambitious plans for return to growth - Financial Times
Citi discloses pay cuts for top executives - The Times
Regulations
Myners to fight Europe on hedge fund pay - The Telegraph
New US task force to step up fight against fraud - Financial Times
Quote of the Day:
"I titled my talk Policy Challenges for the Federal Reserve. I did
that before I knew what I was going to discuss, because just about any
topic involving the Federal Reserve would entail policy challenges."
Speech by Donald L. Kohn of the Federal Reserve
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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...
