Things we're reading today include ...
Today's must read:
After Lloyd Blankfein let slip that Goldman Sachs were performing "God's work", the revised Lord's Prayer has just been released:
Our chairman, who art at Goldman,
Blankfein be thy name.
The rally's
come.
God's work be done.
We have no fear of correction.
Give us this
day our daily gains,
and bankrupt our nearest competitors,
just as you
taught Lehman and Bear a lesson.
And bring us not under indictment,
for
thine is the Treasury,
the House and the Senate,
forever and ever,
Goldman.
Bank Bailouts
Shareholders in shock after banking bombshell - The Times
Companies
Lloyds puts 60 per cent discount on record £13.5bn rights issue - The Independent
Lloyds launches record share sale - BBC
FSA fines Nomura £1.75m for rogue trades - The Telegraph
Lehman to thaw $11bn of frozen assets - The Telegraph
Markets
US economy recovering less quickly than forecast - The Independent
Federal Reserve forecasts better growth next year - The Times
King hints at a gentle end to printing money early next year - The Independent
Chinese banks seek capital after lending binge - The Times
Central bank outsourcing hits right note - Financial Times
We've paid the price to avoid chaos and we must learn from our mistakes - The Telegraph
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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...
