Things we're reading today include ...
Restructure of banking sector set to cost taxpayer and extra
£40 billion (Times)
FSA's Lord Turner: splitting banks will make sector more risky (Telegraph)
FSA to review compensation scheme for bank failures (Times)
The honeymoon period is over for Hester (Times)
Myners' super-fast shares warning (BBC)
More Than 10% of Kenya's GDP Now Pass Through the M-Pesa Mobile Banking Service (Reuters)
Fed tells banks to adopt pay rules early (Financial Times)
BofA Doesn't Want Your Ideas (Bank Innovation)
Security industry 'not making much difference' (IT News)
Quote of the Day:
'Fraudsters used a condom to clone my bank card'
Robert Lindsay (Telegraph)
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...
