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Things worth reading: 16th December 2009

Things we're reading today include …

Today's must read:

Dumbest moments in business 2009 – CNN

Number One: Goldman Sachs's PR blitz
For all the complex financial products they can dream up, simple common sense still seems to elude the bright minds of Wall Street. Or at least, Goldman Sachs CEO Lloyd Blankfein.
Hoping to shore up his firm's battered image, he spearheaded an all-out public relations campaign this fall, touting his company's important role in building economies and helping everyday workers prosper.
Last month, however, he got a bit carried away, telling a Times of London reporter that he was just a banker "doing God's work." For $43 million a year.

Companies

Hint of merger as Richard Pym named for both Northern Rock chair and Bradford & BingleyThe Times
Political meddling 'damaging' RBSBBC
Eurex and LSE to launch equity options tradingFinancial Times
AIG confident of repaying taxpayersFinancial Times
Goldman Sachs sued over 'extravagant compensation bonanza'
The Telegraph

Judge attacks Lehman for rules breachThe Telegraph

Credit Suisse to pay $536m to settle US sanctions inquiry The Telegraph

Citigroup in $20.5bn cash call to repay bailout fundsThe Independent 

Markets

Decision may spell end of chequesBBC
Spain tops doom list, but UK warnedThe Independent
How to restore confidence in loan securitisationFinancial Times
Time to rebuild trust between the City, government and societyThe Times

Conferences

Top 10 Takeaways from BAI Retail Delivery – BAI

Technology

Top Twitter Trends of 2009 – Twitter Blog


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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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