Things we're reading today include ...
Today's must read:
"The National Australia Bank has confirmed a spike in customers using
its retail banking services from internet-enabled mobile phones is
likely to lead to it replacing security pass codes - now sent by SMS -
with biometric voice prints within a year because of growing security
concerns."
What is next in mobile banking - voice biometrics (CIO Magazine, NZ)
Regulations
Britain's bankers win double victory on bonuses and charges - The Times
Walker review: main points - The Telegraph
Banks 'must reveal £1m earners' - BBC
Walker review - Financial Times
Walker warns banks: Back me or face nationalisation - The Independent
Banks win legal battle on overdraft charges - The Times
Overdraft fees: why the Supreme Court was right to stand up for beastly bankers - The Telegraph
EC seeks tighter control of hedge fund managers - The Telegraph
EU proposals rattle UK private equity - The Times
Bank Bailouts
Darling defends secret £62bn emergency loan - The Times
Treasury rift with Bank deepens over secret loan - The Times
Lloyds directors under attack after diclosure of HBOS loans - The Times
Companies
LSE profits fall 37 per cent amid tough competition - The Times
LSE meets Euroclear opposition on post-trade - Financial Times
ING shareholders back share issue and company split - BBC
RBS vulnerability was 'no secret' - Press Association
Swiss set to share UBS tax data - BBC
Competition in cash equities hits LSE - Financial Times
Markets
Bundesbank fears relapse as German banks face €90bn fresh losses - The Telegraph
5 reasons banks don't get it (and a few banks that do) - CNN
Quote of the Day:
"It's been a tough year for my husband. He now owns
four banks and that incurs a lot of paperwork and a lot of
post-work-hours stress."
Maggie Darling, wife of UK Chancellor Alistair Darling
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...