Things we're reading today include ...
Today's must read
FBI Probes Hack at Citibank - Wall Street Journal
The Federal Bureau of Investigation is probing a computer-security breach targeting Citigroup Inc. that resulted in a theft of tens of millions of dollars by computer hackers who appear linked to a Russian cyber gang, according to government officials.
Companies
Goldman on top in annual tussle for M&A jackpot - The Telegraph
London Stock Exchange seals Turquoise deal - The Telegraph
Turquoise will bolster the LSE's position - Financial Times
Icap to pay $25m over 'fictitious' trades - The Telegraph
Regulations
OFT drops case against banks' overdraft fees - The Times
Finance firms escape bonus tax - BBC
Hedge fund manager in line for $2.5bn payday - The Times
MPs criticise credit search rules - Financial Times
Economy
Britain's banks to hold back recovery, warns S&P - The Telegraph
British economy faces long hard slog to real recovery - The Independent
Quote of the Day:
"President Sarkozy has laid to rest once and for all the myth that EU
commissioners, certainly French ones, when they go to Brussels, are expected
to leave aside their home member state national interests and political
priorities and act exclusively in the community interest."
Charlie McCreevy on his successor Michel Barnier
Sarkozy 'will use Michel Barnier to advance French interests' - The Telegraph
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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...