Things we're reading today include ...
Today's must read:
Telegraph
-
1.5 billion - the number of £20 notes (worth £30 billion) in
circulation,
of which an estimated 150 million (worth £3 billion) are Elgar notes. -
£48 billion - the total value of bank notes in circulation, up by £10
billion in the last two years alone. - 1024 A.D., the year the first use of a paper banknote was recorded
in
China - 1694 - the year the Bank of England issued its first note
-
830 million - the number of notes, worth £11.4 billion, taken out of
circulation and destroyed last year because they had become so poor
quality - 2,529 - the number of requests received by the Bank of England from
consumers to replace notes – worth £82,000 – that were damaged because
they
had been "washed".
No encore for Elgar as £20 image disappears - The Times
Companies
I am not a criminal, insists billionaire behind Icesave
- The Telegraph
Virgin Money to charge customers - BBC
UBS to set up dark pool in Europe - Financial Times
Markets
UK promises flexibility after Iceland shouts 'no' -
The Independent
Markets must be able to punish Lord Myners says - The Telegraph
Treasury 'risks damaging shareholders in banks' - The Independent
Regulations
Britain in final push to tone down EU hedge fund rules
- The Independent
British banks given a year's grace on liquidity - The Telegraph
Brussels to mull 'European IMF' - BBC
Bonuses
US senators try to impose a one-off 50pc bonus tax
- The Telegraph
City workers face highest tax bill from next month -
The Independent
Broker admits court’s tax ruling has put paid to City
exodus - The Times
Technology
Internet access 'a human right' - BBC

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...