Things we're reading today include ...
Companies
HSBC cutting US sub-prime loan book by $20bn a year
- The Telegraph
Bank of New York Mellon facing £1m lawsuit from
'overworked' employee - The Telegraph
IBM acquires Sterling for $1.4 billion - The Times
Capital Markets
Banks reveal extent of 'dark pool' trading - The Independent
Spain
European bank jitters as Spain steps in to save Cajasur
- The Telegraph
IMF warning on Spain's economy - BBC
IMF tells Spain to get tough after bank collapse - The Times
Markets
Japanese-style stagnation could affect UK, warns MPC
member - The Independent
Libor rises on fears over European debt - The Telegraph
Wall Street falls on European debt jitters - The Times
Wall Street faces fresh mortgages inquiry - The Times
China vows more currency reform - 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...