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Things worth reading: 20th January 2010

Things we're reading today include …


Credit Suisse to cut bonuses budget by 5%The Times
Top Credit Suisse bankers to bear brunt of Chancellor’s bonus taxThe Times

Citigroup reports loss of $7.6bnBBC
Big bonuses at Citigroup despite huge lossesThe Independent
Citigroup cuts compensation by 20% as losses fallThe Times

Institutional shareholders not consulted over RBS bonus payments The Telegraph

IBM profits rise on cost cuttingBBC


Ben Bernanke requests audit of Fed's AIG bail-outThe Telegraph
Bank of England Governor Mervyn King calls for merger of G20 and IMFThe Telegraph
Row brews over credit card limitsBBC
Icesave referendum date finalisedBBC


Quote of the Day:

"This is a frustration borne out of a sense of powerlessness in the face of the bonus culture."

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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