Things we're reading today include ...
Today's must read:
Goldman admits helping Greece 'fiddle books' to conceal
public debt - The Telegraph
Addressing the influential Treasury Select Committee, Gerald Corrigan, a
Goldman Sachs managing director, accepted that the investment bank had
"enabled
politicians to mask borrowings" through a complex currency transaction
in 2001.
People
Stanley Fink to step down as Tories' co-treasurer -
The Times
Hite set to link with UK manager Fink - Financial Times
Companies
RBS and Lloyds to reveal losses amid storm over bonuses
- The Independent
Lloyds boss to waive £2.3m bonus - BBC
St James's Place puts pressure on Lloyds to sell stake
- The Telegraph
LSE reduces trading costs for large customers - Financial Times
It may be imperfect, but UKFI has a role to play -
The Telegraph
Markets
Bank charges face new challenge - BBC
Spending cuts must be spelt out to save stumbling
sterling - The Times
Germany manoeuvres to win control of the euro - The Times
European banks 'need €240bn a year in fund-raising'
- The Telegraph
European banks face showdown over €1 trillion of debt
- The Telegraph
Commentary
Sheep that went astray are back in the fold - The Times
Banks have paid their pound of flesh, now the
pillorying must stop - The Telegraph
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...