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Things worth reading: 14th January 2010

Things we're reading today include …

Today's must read:

City DiariesBBC

"For some of my colleagues, as in any firm, the bonus is the main
motivation to work. This is no different to my time in retail, where a
profit share scheme was also in operation. This is simply because money
motivates people. However, at this moment in time, it feels like dirty money."

"Mark" (not his real name) works for a stockbroker outside London

 

Bonuses

Companies

Would you give Halifax's latest TV advert the high five?The Telegraph
SocGen warns of €1.4bn hit on toxic debtThe Times
SocGen writedown raises banking sector fearsThe Telegraph
Goldman under attack as US begins credit crisis hearingsThe Independent
Can Citi trump Goldman in 2009 bonus round? The Telegraph

 

Quote of the Day:

NSFW: "Are banks made of balsa wood held together by baby tears."
Jon Stewart, 7 minutes 30 seconds into the Daily Show, January 12th

Clip is below, but you have to click twice as first click gives you an unwanted popup advert:

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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