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Things worth reading: 11th February 2010

Things we're reading today include …

Today's must read:

Mervyn King's plan for bank capital 'will backfire'The Telegraph

Senior bankers and top institutional investors are warning that Bank of
England Governor Mervyn King is so out of touch with markets that the
reforms he is championing will backfire and heighten financial instability.

 

Companies

PayPal suspends some business in IndiaFinancial Times
Leading UBS bosses wave goodbye to SwFr300mThe Times
Goldman Sachs will not commit to future bonus cutsThe Times

UK

Bank’s line on QE is looking peculiarThe Times
Bank hint on quantitative easing drives down poundThe Times

Euro

EU leaders on verge of deal to rescue Greece and save euroThe Times
Euro rises to three-week high as bailout for Greece loomsThe Independent
Greek tragedy offers Berlin a chance to usher in true European reformThe Times

USA

Bernanke outlines plans to pull stimulusThe Times
Bernanke outlines new Fed targets in exit planThe Independent
Barack Obama 'doesn't begrudge' bankers their million-dollar bonusesThe Telegraph

 

Quote of the Day:

"Technology is stuff that doesn't work yet."
Digital guru Bran Ferren – the Observer

 

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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