Things we're reading today include ...
Most of today's news is about Goldman Sachs and Lehman Brothers still, although two items caught my attention particularly ...
'Robin Hood' campaigners continue to fight for levy
- The Independent
Where now for the "Robin Hood" tax? The IMF is not a fan of the
campaign
for a transactions levy to alleviate poverty in the third world.
However, this is an organisation whose structural adjustment programmes,
designed to get poorer countries' economies on track, have been
criticised for creating more poverty than they alleviated by the sort of
people advocating the tax.
Banking virus 'has returned' - BBC
Zeus, a virus that steals online banking details from infected
computer users, is more powerful than ever, warns a web security
company.
Companies
Visa buys Cybersource in e-commerce push - Financial Times
Morgan Stanley bonus pool rises to $4.4bn after
better-than-expected results - The Telegraph
Morgan Stanley back to black with $1.8bn profits - The Times
Northern Rock CFO leaves over FSA investigation - The Telegraph
Goldman Sachs
Goldman Sachs' results - Financial
Times
Senate sends for Fabrice Tourre, the banker at heart of
Goldman ‘fraud’ - The Times
Goldman's Blankfein to testify alongside trader - The Independent
Paulson & Co tells investors it was 'open' - Financial Times
Lehman Brothers
SEC 'could bring' charges over Lehman - The Telegraph
Lehman creditors seek E&Y documents - The Telegraph
Fuld criticises Lehman's investigators 'distortions'
- The Independent
Barclays requests Lehman files - The Telegraph
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...