Things we're reading today include ...
Today's must read:
Will Obama tax the Banksters? - the New Yorker
I would wager a substantial sum that some of Obama’s political advisers are pressing him to copy Darling’s populist move, which the opposition Conservative Party, traditionally the party of big business, is supporting.
Banks face new tax on big bonuses - BBC
Gordon Brown and Nicolas Sarkozy call for special tax on bank bonuses - The Telegraph
City steps up bonus tax fight - The Independent
Barclays boss warns of exodus of the bankers - The Independent
Bankers prepare to open Christmas boxes at Easter to avoid windfall tax - The Times
Bankers renegotiating pay deals to avoid windfall tax on bonuses - The Telegraph
Dubai exposure not material, says Standard Chartered - The Independent
George Soros warns against rebuilding same 'Humpty Dumpty' financial system - The 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...