Things we're reading today include ...
UK Banks Break-up
Banks face a week of reckoning (Independent)
Darling & Kroes: Our banks’ future in their hands (Independent)
Alistair Darling to break up RBS and Lloyds as he banks on
reform (Times)
Alistair Darling to outline plans to spend £30 billion buying bank shares (Telegraph)
Royal Bank of Scotland to be 84% nationalised (Times)
RBS risks investment bank sale in EC fight (Telegraph)
Companies
Barclays and HSBC march on Moscow (Independent)
Tesco marches on to retail banking dominance (Independent)
Can Citigroup Carry Its Own Weight? (New York Times)
Lehman Brothers art auction raises $1.34 million (Times)
Markets
Britain needs ‘£350bn of tax rises and spending cuts’ (Times)
Square Mile too secretive, says report (Independent)
Nine more bank failures (Big Picture)
Quote of the Day:
"Even actuaries are frisky after hours."
An adulterer run my pension fund? Fine by me (Times)
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...