Things we're reading today include ...
Today's must read:
Demographic change: The role of technological innovations (Deutsche Bank Research)
"Demographic change is one of the major challenges facing not only many of the world’s developed economies. Its impact on business and society is likely to hinge on our ability to manage the demographic transition in an active and forward-looking manner. Technological innovations are one possible solution. They have been given little consideration so far, but are likely to be of major significance."
EU and the City
EU sets up trio of financial watchdogs - Financial Times
Alistair Darling loses EU fight over fiscal sovereignty - The Telegraph
New EU regulators given huge new powers (City AM)
EU’s power grab is a disaster for London (City AM)
Nicolas Sarkozy hails EU appointment to 'clamp down on City of London' - The Telegraph
City hits back after Sarkozy’s ‘big loser’ comments - The Times
Stop meddling with London, bankers' leader tells Sarkozy - The Independent
Economies
Germany 'faces new credit crunch' - BBC
Companies
Treasury control of bonuses 'disadvantages RBS' - The Independent
RBS board on brink as Treasury prepares to veto £1.5bn bonuses - The Times
RBS set for bonus showdown - BBC
Post Office bank plans outlined - BBC
Barclays bankers to get 150pc pay rise - The Telegraph
Bank of America to repay bail-out - BBC
Innovations
Twitter founder Jack Dorsey launches iPhone payment product - The Telegraph
Who's afraid of high-frequency trading? (Reuters)
Quote of the Day:
"I never knew the Federal Reserve had their office in a place called Foggy Bottom. It seems very appropriate."
Chris Skinner
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...