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Things worth reading: 9th March 2010

Things we're reading today include …

Today's must read:

  • 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".

Companies
I am not a criminal, insists billionaire behind Icesave
The Telegraph
Virgin Money to charge customersBBC
UBS to set up dark pool in EuropeFinancial 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 liquidityThe 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


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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