Things we're reading today include ...
Today's must read:
The Least-Trusted Banks in America - New York Times
Customers of the biggest banks in the United States are the least
likely to believe their financial institution does what’s best for them
as opposed to what’s best for the bottom line, according to a new
report from Forrester Research.
Bank Branding: How Banks Hope to Get Disgruntled Consumers to Stay Loyal - My Bank Tracker
Companies
RBS bailout faces legal attack thanks to bank's lending record - The Independent
BofA push for 2,000 more retail brokers - Financial Times
Goldman: Employees Don’t Mind Record Low Pay Ratios - Wall Street Journal
Bonuses
AIG plans to pay $100 million in another round of bonuses - Washington Post
'Outrageous' AIG bonuses attacked - BBC
Treasury writes to City investors urging them to scrutinise bankers' pay as bonuses loom - The Telegraph
FSA edict on bonuses to spark legal challenges - The Telegraph
FSA's ban on buying out bonuses sends recruitment market for bankers into disarray - The Telegraph
Wall Street Pay - New York Times
Markets
Bank may halt quantitative easing - BBC
High-speed traders seek bigger profile - Financial Times
Finance big guns fire furious broadside at Myners - The Times
Tougher action is needed over financial woes, EC tells Greece - The Independent
Quote of the Day:
73 percent of Internet bank clients share online
banking password with non-financial sites, and 47 percent re-use
both, their online banking user name and password, British firm
Trusteer said, citing a sample of more than 4 million users.
Most web bank clients use same passwords elsewhere - Reuters
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...