Things we're reading today include ...
Today's must read:
EU vote deals blow to US terror data deal - Financial Times
US efforts to track down terrorist financing were dealt a blow on Thursday as the European parliament edged closer to rejecting a deal on financial data-sharing between the European Union and the US. The civil liberties committee of the parliament voted against handing over data compiled by SWIFT.
Companies
Lord Mandelson pledges 'healthy profit' for UK taxpayer from RBS, Lloyds stake sales - The Telegraph
Bonus storm as losses hit £7bn at Royal Bank of Scotland - The Times
National Australia Bank plans team bid for RBS branches - The Telegraph
Santander readies £15bn float of British banks - The Times
Santander fault hits customers - BBC
State-owned rivals provide managers for Metro Bank - The Times
Nasdaq renews European efforts - Financial Times
HSBC denies US Senate accusations of corruption - The Independent
JP Morgan to face Lehman crash probe - The Times
CME plays down fears over trading reforms - Financial Times
People
JP Morgan's chief Jamie Dimon gets $18m pay package - The Telegraph
Goldman Sachs chief executive Lloyd Blankfein awarded $9m bonus - The Telegraph
Thain back from wilderness to head CIT - Financial Times
Barclays star Roger Jenkins back hunting for banks - The Times
Transcript: View from the Top with Tony James, president of Blackstone - Financial Times
Regulations
Financial groups' risk and control costs soar - Financial Times
UK plans to tax banks for bail-outs gain ground with G7 finance ministers - The Telegraph
Impasse threatens Obama's financial reform - The Times
Bank of England panel condemns draft EU hedge fund legislation - The Times (but take note: London home to most powerful hedge fund women - The Times)
ABI slams Brown's bank tax - The Telegraph
Economies
Uproar as Germany pays €2.5m for stolen Credit Suisse data - The Independent
G7: Europe must rescue Greece - The Times
Eurozone crisis threatens recovery - The Independent
Quote of the Day:
"I can completely understand why the general public are angry that RBS should be paying bonuses, but I know that if they don't pay the bonuses, people will leave RBS and that's the end of the bank."
Banker insists he deserves his bonus - 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...