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Things worth reading: 1st March 2010

Things we're reading today include …

 

Today's must read:

The
president needed the gravitas of the former Fed chairman to sell his
bank reform to Wall Street. But when the big banks didn't buy it, Obama
sold him out.

How
Obama Screwed Volcker
– The Daily Beast

People

Warren Buffett raps failed bank chiefsThe Times
Buffett says executives who manage risk badly should
pay
Financial Times
Michel Barnier: the most dangerous man in Europe?
The Telegraph
HSBC and Standard Chartered bosses to give bonuses to
charity
The Telegraph
BoA's investment bank chief earns table-topping $30m
The Telegraph
$73m BofA package for Lewis Financial
Times

Companies

Lloyds slumps to £6.3bn loss as bad debts balloon
The Telegraph
A casino bank at Lloyds? It didn’t need oneThe Times
RBS fears £1bn loss from staff defectionsThe Telegraph
Analysis: RBS investment arm made more money than the
rest of the bank combined
The Telegraph
HSBC's £7bn profits to offer insight into Asian economy
The Telegraph
Cazenove partner: I tossed a coin to pick stocks
The Telegraph
UBS drops to third in table of biggest advisors to
FTSE100 companies
The Telegraph
AIG records $9bn quarterly loss BBC
Goldman Sachs: the bank they love to hateThe Times

Markets

Bank for International Settlements reports further
£235bn slide in global lending
The Telegraph
Analysis: Losing money was the bankers' target all
along
The Telegraph
California is a greater risk than Greece, warns JP
Morgan chief
The Telegraph

 

Quote of the Day:

"US bankers were furious about attempts to reduce pay throughout the
industry, arguing that any such move smacked of socialism and would be
fiercely resisted."

US banks veto 'socialist pay' in secret talksThe Independent

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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