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Things worth reading: 12th October 2010

Things we're reading today include …

Bank bail-out 'a good investment' - BBC
Fragmented markets gave HFT rationale, says Rolet - Financial Times
Banks must avoid 'toxic' bonuses in era of austerity, CBI chief Richard Lambert warns - The Telegraph
Bankers prepare for massive pay rises - The Independent
Banks 'complicit' in corruption - BBC
City in uproar over new bonus rules - The Telegraph
CBI leader calls for bank bonuses 'ceasefire' as cutbacks bite - The Independent
Investment banking: The big squeeze - The Economist
Trust 'critical' to banking system - BBC
Bankers expect billions in bonuses - The Telegraph
'Proposals will do more harm than benefit to flow of information' - Financial Times


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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  • Edward Harkins

    Re the BBC feature on Trust ‘critical’ to banking system – perhaps the interviewee and director general of the CBI, Richard Lambert should have a word with John Varley head of Barclays. A couple of weeks ago the FT main page comment column, Varley managed to mention ‘trust’ in the context of bankers no less than half a dozen time in the space of circa 800 words. The words ‘bonus’ or ‘bonuses’ appeared not once. The general refrain of the article was that jibes about casino banks were somehow unfair. Given that the financial sector’s continuing (courtesy of the taxpayers’ generosity bonus culture is perhaps the major driver in popular discontent with the sector, is there not some lack of ‘seeing the wood for the trees’ in what Mr Varley has to say?