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