Things we're reading today include ...
Today's must read:
Goodbye, Hector. Gandalf, you’ve got the job - The Times
Wanted: clairvoyant superman/ woman with steel cojones and complete
understanding of derivatives. Must possess skin thicker than rubber and
excellent sad-yet-sorry face for public post-crash rituals of contrition,
otherwise known as “select committee hearings”. Britain needs a chief
financial regulator; Britain needs you.
Companies
Barclays
Barclays bows to UK regulator's new rules on pay - The Telegraph
Barclays profits soar to £11.2bn, but bonuses will be curbed - The Independent
Barclays to pay £2bn in bonuses - BBC
Barclays, the Houdini bank - The Telegraph
RBS and Lloyds
RBS and Lloyds to escape sanction - Financial Times
RBS calls for lending target to be lowered - The Times
RBS bankers resign over forced bonus cuts - The Telegraph
Lloyds accused of distorting job market with 'inflated' pay and bonuses - The Telegraph
Lloyds boss Eric Daniels set for multi-million pound bonus - The Times
Lloyds moves to quell fears over executive earnings - The Independent
Goldman Sachs
Goldman Sachs: the Greek connection - The Independent
We at Goldman Sachs recommend a luvvie tax - The Telegraph
Chi-X
Chi-X to push for inclusion in exchanges' indices - Financial Times
‘We’re going to be No 1,’ upstart rival warns LSE - The Times
FSA
City must pick up the bill for FSA's regulatory crackdown - The Independent
FSA's expanding universe is a bewildering black hole for cash - The Telegraph
FSA hits at private equity 'arrogance' - Financial Times
Tax
Treasury will receive £1.5bn boost from bankers' tax - The Telegraph
Hundreds of ecomomists call for tax on currency speculation - The Independent
Blue chips threaten tax exodus - The Times
Markets
Can anyone fix the euro puzzle? - The Telegraph
Chinese bank reserves increased - BBC
Hank Paulson scorns Barack Obama's banking reforms - The Times
Quote of the Day:
"I predict this sort of thing will become more commonplace as the mobile
texting generation moves into positions of responsibility."
Comment from Renier, Sydney on the story: Chile mint boss pays the price of coin spelling howler - BBC
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...