Things we're reading today include ...
Companies
Angry UBS shareholders vote to punish executives over
losses - The Telegraph
Experian bemoans UK lending reluctance - Financial Times
JPMorgan cheers US consumer recovery - Financial Times
Morgan Stanley property fund faces record loss - The Telegraph
Goldman Sachs drawn into insider-trading case - The Times
Former Merrill chairman Stan O'Neal claims attempts to
sell bank were blocked - The Telegraph
Markets
Britain enjoys advantage over euro weaklings - The Times
Cash use 'depends on geography' - BBC
Regulations
EU's Barnier wants investments banks to pay lion's
share of any bank levy - The Telegraph
Leading City traders given legal aid to fight insider
dealing case - The Independent
Bank reforms would force creditors to take the
financial pain of a lender's collapse - The
Telegraph
All flights in Europe cancelled due to stormcloud from Iceland
This picture from Flight Radar shows the view:
Q: why the "?" over France.
A: It's France and, just to prove it, their rail system is also down thanks to a strike.
A slightly insensitive tweet?
What's happy about this Friday for all the travellers stuck in the UK and outside, trying to get home? Oh yes, if you've not heard, it's official. The banking crisis started in Iceland. It's obvious as their bankers are now burning the evidence and the ash is over here. Did they not understand? We said "send Cash"!
[Apparently the ash cloud is due to an eruption at a volcano based in the Icelandic region of Eyjafjallajoekull, a place so named after someone fell asleep on their keyboard]
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...