Things we're reading include ...
Today's must read:
London Stock Exchange on cusp of Turquoise deal - The Telegraph
London Stock Exchange is poised to announce it has finally agreed a deal to
take control of Turquoise, the loss-making trading platform set up by the
world's leading investment banks.
Bonus row rumbles on
We can't afford to drive the City away - The Telegraph
British banks look to 'share the pain' of UK supertax on bonuses - The Independent
Foreign bankers start to flee UK bonus tax - The Telegraph
Markets
UK property black hole threatens banks' lending - The Telegraph
British bank shares continue to fall on Basel fears - The Telegraph
Ireland opens doors to hedge funds - Financial Times
New York challenge for City carbon market crown - The Times
Cameron faces flak on SEC action - Financial Times
FSA warns of 'no let-up' in moves to clean up banks - The Independent
FSA fines double to record £35m in 2009 - The Telegraph
Review
Bad, but this year could have been a lot worse - The Times
Agenda: Challenges that lie ahead are very real indeed - The Times
Quote of the Day:
"F*** you, I won't do what you tell me."
Facebook beats the X-Factor - Guardian
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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...