Things we're reading today include ...
America's Bank Tax
Barack Obama imposes tax on big banks - The Telegraph
Obama's bank tax will only work if there's a master plan in place - The Telegraph
UK banks face $10bn bill from US over bailouts - The Times
Obama tax to cost UK's biggest banks $11bn - The Telegraph
Regulators
UK banking regulators meet to avoid future crises - The Telegraph
Mandelson tells City to allow Brussels to write rule book - The Times
Mandelson: We've won fight with Europe over regulation - The Independent
FDIC chief puts blame on Fed for crisis - Financial Times
US regulator apologises for letting public down - The Telegraph
Regulators were 'blinded' by Wall Street profits - The Times
Companies
Citigroup plans to cap cash bonuses - Finanical Times
JP Morgan to unveil $29bn bonus pot as profits rise fourfold - The Telegraph
Economies
'Significant chance' of second financial crisis, warns World Economic Forum - The Telegraph
Technology
Facebook looking to beef up e-commerce team - CNN
Visa Launches "I Go with Visa Debit" - A Social Media Campaign - Payments News
Blippy, the Twitter for credit cards, gets funding from Twitter co-founder - Venture Beat
Quote of the Day:
"According to KPMG, someone on £1m will pay £491,278 in tax and social security
in 2010."
Tough times for the rich (and well off) as London tops the tax league - 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...