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Things worth reading: 30th November 2009

Things we're reading today include …


 

Today's must read:

The joke’s on us as Bling Central loses its sparkle – The Times

"Dubai has a £48 billion debt
default and this has a knock-on effect for our own RBS, which was Dubai’s
biggest loan arranger to the tune of some £1.4 billion, and HSBC, which has
some £10 billion tied up in the state, and Barclays, which has an estimated
£3 billion investment there.  The stock market fell by 3% when it became clear to the money men that Dubai
was a busted flush — late last week (well spotted, boys).  It was evident to most of us a year ago that Dubai was well and truly rogered …"


Quote of the Day:

“Getting arrested is the one memorable thing I can remember him doing.”
Former colleague of Paul Hopes, a 'quiet' accountant who embezzled $5 million to spend on fast living and loose women


 

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About Chris M Skinner

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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…

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