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Things worth reading: 11th January 2010

Things we’re reading today include …

Today’s must read:

Disappointment ahead for UK — and big test for euroThe Times

“The world’s weakest currency is likely to be the euro as US exporters increase
their global market share mainly at the expense of European rivals, while
Chinese and Japanese manufacturers divert to Europe many of the goods that
they can no longer sell in the US.”

Anatole Kaletsky’s view on the year ahead (Anatole is one
of the UK’s leading commentators on economics)

 

New Banks:

Virgin prepares for UK banking pushFinancial Times
Virgin gets clearance for launch into bankingThe Independent
Sir Richard Branson taps Blackstone for assault on Northern RockThe Telegraph
The woman set to make Virgin shine out in the grey world of bankingThe Times
Can Metro Bank inject dynamism into UK banking? – Financial Marketing
Banking armada flies Spanish flagThe Times

People

MP tackles Stephen Hester on ‘over-generous’ bonuses at RBS The Telegraph
New bank investors snub Sir Peter BurtThe Independent
Zapatero pushes for EU financial risk board – Euractiv

Companies

Big players not so hefty post-LehmanFinancial Times
UBS data release ‘violated law’BBC
‘Taxpayer will be rewarded for rescue of Northern Rock’The Telegraph
Bill Me Later hit with class-action lawsuit over interest rates – Baltimore Business Journal

Bonuses

Study: Big bonuses killed Bear, Lehman – MSN
Record bonus pot at JP Morgan The Telegraph
Bankers to face £1m bonus trapThe Times
‘Taxing City is ruining UK plc’The Telegraph
Google’s Eric Schmidt on why bankers deserve little sympathy and Obama does – The Telegraph

Economies

UK economy likely to be downgraded, warns Invesco’s Neil WoodfordThe Telegraph
City confident UK will avoid ratings downgradeThe Times
Financial services set for slowdownThe Independent
Eurozone unemployment hits 10%BBC
Surprise rise in US job losses BBC
On Wall Street: Fed frets over QE withdrawal Financial Times

 

Quote of the Day:

“I doubt anybody gives a monkey’s.”
Greg Harris, lecturer in marketing at Cass Business School
Santander races to stamp its name all over Britain’s high streets – The Independent

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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