Things we're reading today include ...
Today's must read:
The Mobile Internet Report (Morgan Stanley)
Presentations on key trends in technology, including a clear prediction that mobile internet is the revolution we are experiencing right now. Want to know which technology firms will win in this space? Read the report (104 page pdf).
Companies
Brian Moynihan named new BoA chief - Times
Citigroup in $38bn tax boost - Telegraph
U.S. forgoes billions in tax on Citi: report - Reuters
Abu Dhabi says it was duped by Citigroup over investment deal - Independent
Abu Dhabi demands compensation from Citigroup - Times
US fines Credit Suisse record $536m for sanctions violations - Times
JP Morgan accused of driving down Washington Mutual's share price - Telegraph
SFO launches investigation into collapse of Kaupthing - Independent
Bonuses
France to bring in bank bonus tax - BBC
Bank IT workers also caught in bonus tax net - Times
Bank dark pools only 1.25% of Europe trading - Financial Times
SEC charges four with insider trading - Financial Times
UK rejects plans for OTC standardisation - Financial Times
Clearing houses - Financial Times
Italian banks fear crunch from Basel II - Telegraph
Banks wary over Myners' proposals for 'living wills' - Independent
Fed Reserve sets out its stimulus exit strategy - Independent
Bernanke is 'Person of the Year' - BBC
Technology
Blippy: Do We Really Want to Automatically Tweet our Purchase Transactions? (NetBanker)
Top 10 business technology trends for 2010 (Xara)
The Best Viral Videos of 2009 - Videogum
Quote of the Day:
"The views are dominated by Sir Fred's bridge
over the main artery into Edinburgh – a sort of mini Sydney Harbour Bridge.
Councillors refused Sir Fred permission to adorn it with "Welcome to
Edinburgh, the home of RBS" a rare example of Sir Fred not getting his
way."
Open-plan bosses leave Gogarburn grandeur behind - 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...