Things we're reading today include ...
Today's must read:
Bank logins targeted by global botnet: 74,000 PCs compromised - Silicon
A botnet designed to steal logins for banking websites, social networks
and emails compromised more than 74,000 PCs across 2,500 organisations
worldwide over the last 18 months, a security firm said on Wednesday.
Bonuses
Top
Earners
Averaged $345 Million in 2007, IRS Says - Bloomberg
Companies
Barclays hits customers with huge overdraft fee
increases - The Independent
RBS spends $500m on US office - The Telegraph
AIG to retain $500bn of assets that almost caused it to
fail - The Telegraph
JP Morgan suspends analyst after Asda ‘ruse’ - The Times
LSE finalises Turquoise deal - Financial
Times
UK
Bank warns lenders that support will be withdrawn -
The Independent
Record fall in bank lending to business triggers new
concern over UK recovery - The Times
Taxpayers could be supporting fraudsters, Darling was
warned - The Telegraph
Cost of banking in UK set to soar due to new
regulations - The Telegraph
Shock as British deficit equals that of Greece - The Independent
World
Greece defends complex debt swap - BBC
Icelandic bailout exposed rift at the Treasury - The Times
US bank lending falls at fastest rate in history
- The Telegraph
Technology
Top
10 most innovative financial websites - Fast Company
Mint.com
Traffic
Soars Under Intuit Ownership - Net Banker
Facebook
To Accept PayPal for Ads and Facebook Credits - Payments News
Quote of the Day:
"21 milliseconds may seem like a tiny difference, and it probably
wouldn't save you in a Wild West dual because your brain takes around
200 milliseconds to respond to what your opponent is doing, but it could
mean the difference between life and death when you are trying to avoid
an oncoming bus."
Dr Andrew Welchman of the University of
Birmingham’s School of Psychology
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...