Things we're reading today include ...
Today's must read:
One of the greatest challenges for economics and public policy at this time is to restore financial and economic stability, and to improve the future functioning of financial systems. A pre-condition for meeting this challenge is a deep understanding of the nature of systemic risk. And that is the topic I have chosen for this lecture.
Clare Distinguished Lecture in Economics and Public Policy - Speech by Jean-Claude Trichet, President of the ECB
Tut-tut
Tim Geithner's NY Fed told AIG to keep quiet about $105bn paid to banks - Telegraph
Financial rogues gallery of the Noughties - Daily Mail
Former McKinsey tipster netted $2.6m - Financial Times
Companies
Virgin plans to develop UK bank - BBC
Barclaycard and Orange unwrap contactless credit card - Silicon
Markets
Bank set to close the £200bn printing press - Independent
Return of the structured loan - Financial Times
Top banks to meet central banks as fears of 'excessive risk-taking' grow - Telegraph
US unemployment begins to ease - Independent
Our problems with Icelandic banks may be the tip of the iceberg - Telegraph
Technology
How The Mobile Internet Could Change Everything - Radio Liberty
Comment of the Day:
"Microsoft has never really quite got marketing. Steve Ballmer, the
company's boss, was keen to beat Apple to the punch in unveiling
Microsoft's new tablet computer yesterday. A pity then that he chose to
demonstrate the device's appeal to fans of e-books with the front cover
of the novel Twilight displayed on the screen. The cover features a
large picture of ... an apple."
Microsoft just can't get Apple off its mind - Independent
The Financial Services Club is a partner of:
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...