Things we're reading today include ...
Today's must read:
If a bank's too big to fail, break it up - The Telegraph
With banking chiefs again being called to public account on both sides of the
Atlantic this week – in Britain before the Treasury Select Committee and in
the US in front of Mr Angelides’ commission – the cry is going up afresh:
“Something must be done”.
Britain's big banks must be broken up, says Liberal Democrat leader Nick Clegg - The Telegraph
Central bankers demand new rules - Financial Times
Is a cashless society on the cards? - The Telegraph
European banks' ascent marks altered landscape - Financial Times
Meet this year’s central cast of bankers - The Times
They walked the walk in finance, now they’e running for Parliament - The Times
Barack Obama considers one-off tax on banks to recoup bail-out costs - The Telegraph
Russian oligarchs plan London listings - Financial Times
Quote of the Day:
"If regulators do their job then
bad banks, big or small, can be neutered, while innovation and competition
is clearly returning to the benefit of consumers."
Damian Reece, The time's right for the bold to enter banking - 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...