Things we're reading today include ...
Today's must read:
"One of the most universally dreaded errands throughout American history
has been going to the bank. Synonymous with long lines, incompetent
employees and bureaucratic nightmares, banking in person is rarely
described as anything other than a necessary evil. Of course, face to
face banking has become less frequent during the last decade, due to
the rise of online banking ... However, even the relatively recent innovations of online banking are quickly being surpassed by the next big thing — mobile banking."
The Future of Mobile Finance - Mint Blog
Companies
Barclays buys Citigroup's Italian credit card business - The Telegraph
Credit Suisse sees annual profit - BBC
Derivatives drive NYSE Euronext profit - Financial Times
Ex-Goldman employee indicted over software theft - The Times
Goldman Sachs faces 'Robin Hood tax' vote-rigging claims - The Telegraph
Regulations
Economic powers move closer to global bank tax - The Telegraph
Bernanke sees end to bank boost - BBC
End of cheques under MPs' review - BBC
Markets
City bonuses soar despite super tax - The Independent
We're drinking our way out of recession, says Diageo - The Independent
FSA hits at private equity 'arrogance' - Financial Times
Private banking chiefs scramble to Asia - Financial Times
Quote of the day:
""The US treasury would be laughed out of town if it went to China or India today and told them they had to de-regulate."
Joseph Stiglitz, Economist - the Guardian
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...