Things we're reading today include ...
Northern Rock
Nationalised Northern Rock posts £140m loss - The Independent
Northern Rock's 'bad bank' makes a profit - The Telegraph
'Good bank' bad, 'bad bank' good at Rock - The Independent
Northern Rock hit by exodus of depositors - The Telegraph
Northern Rock plans to resume credit cards and loans - The Independent
RBS
RBS fined £5.6m for rule breaches - BBC
RBS hit with huge fine for Goodwin failings - The Independent
RBS to sell 318 branches to Santander - The Telegraph
Companies
JC Flowers' €1bn mission to shake up mutuals - Financial Times
Kent Reliance in new banking plan - BBC
Citigroup puts UK internet bank Egg on the block - The Telegraph
HSBC would be right to ditch UK headquarters if reformers get it wrong - The Telegraph
S&P owner rejects Chinese criticism - Financial Times
Markets
Greenspan warning on US recovery - BBC
City of London still key to UK recovery, new figures show - 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...