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Things worth reading: 25th May 2010

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 billionThe Times

Capital Markets

Banks reveal extent of 'dark pool' tradingThe Independent

Spain

European bank jitters as Spain steps in to save Cajasur
The Telegraph
IMF warning on Spain's economyBBC
IMF tells Spain to get tough after bank collapseThe Times

Markets

Japanese-style stagnation could affect UK, warns MPC
member
The Independent
Libor rises on fears over European debtThe Telegraph
Wall Street falls on European debt jittersThe Times
Wall Street faces fresh mortgages inquiryThe Times
China vows more currency reformBBC


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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