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Things worth reading: 4th February 2010

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 recordThe Independent
BofA push for 2,000 more retail brokersFinancial 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 attackedBBC
Treasury writes to City investors urging them to scrutinise bankers' pay as bonuses loomThe 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 easingBBC
High-speed traders seek bigger profileFinancial Times
Finance big guns fire furious broadside at MynersThe Times
Tougher action is needed over financial woes, EC tells GreeceThe 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


 

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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...

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