Things we're reading today include ...
UK Bank Breakup
Taxpayers hit for £28.7bn more amid banks break-up (Independent)
RBS to axe 3,700 ahead of EU carve-up plan (Independent)
Lloyds and RBS cut down to size (BBC)
Darling hails Lloyds and RBS move (BBC)
Darling defends bank reforms and £39bn infusion as good value (Guardian)
RBS and Lloyds and the future shape of British banking: a Q&A (Telegraph)
Bonus ban is price for extra taxpayers' cash (Independent)
Companies
Fed tells Barclays to restrict bonuses (Telegraph)
SEC in Settlement Talks With BofA, UBS: Report (ABC News)
UBS reports 3Q net loss of $542 million (Kentucky)
How Goldman secretly bet on the U.S. housing crash (McClatchy)
MasterCard Reports a Profit as More People Pay With Plastic (Bloomberg)
Investing in innovation at Google (Google Blog)
Markets
Global Finance: Britain Is No. 1 (Business Week)
Single Euro Payments Area (SEPA): cross-border direct debits now a reality (Europa)
What’s Next: The Bulletproof Interview – Karen Tyson on Community Banks (Bulletproof blog)
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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...
