Things we're reading today include … RBS to exit £100bn state insurance scheme Hester has cut RBS back to healthy tissue Government could sell shares in RBS before election Legal costs hit Bank of America Citi's Michael Corbat to be paid 10pc less than Vikram Pandit Pandit may have left but the risks remain Green…
Edith Rigler has sent me her regular view from Europe, and I decided to add my own item to the list today. This is because I spotted a very interesting article by Wolfgang Munchau in Der Spiegel that blames Chancellor Helmut Kohl for all our European ailments and issues. Here are the essentials of Wolfgang’s column:…
Things we're reading today include … Citigroup chief Vikram Pandit steps down in shock move Citi CEO Pandit exits abruptly after board clash Citigroup boss in shock exit Vikram Pandit: The academic 'hedge fund guy' Michael Corbat: Citigroup's new chief executive Goldman pay pot hits $11bn as profits jump Profits climb at Goldman Sachs A…
Things we're reading today include … RBS could sue Santander as deal failure could cost bank £1bn Branson and Flowers express interest as RBS considers keeping branches Euro destroying EU, and Germany should save it: Soros SFO in the dock after collapse of Icelandic bank fraud inquiry Writedown hits Citigroup profits FSA relaxes vetting process…
Things we're reading today include … IASB chairman laments delays to reform Finland wary of single eurozone budget: PM City's expat bankers feel pain as taxman targets 'low-hanging fruit' NYSE Euronext to offer new retail service RBS shares head for fall after branch sell-off fails Setback for RBS on road to rehabilitation Virgin Money leads…
Our biggest stories of the past week are … This week featured a five part series on the future of the bank branch: Part One: One banker knows his industry is trashed, and here's his plan I often present around the depressed state of the banking markets. Usually, it’s a political and economic overview of…
Things we're reading today include … Banks becoming 'irrelevant' to big companies Jamie Dimon says he would not repeat Bear Stearns 'favour' again JP Morgan kicks off Wall Street earnings with focus on jobs Goldman Sachs finds no evidence in 'muppet hunt' Bank of China executive warns of shadow banking risks S&P cuts Spain credit…
Things we're reading today include … NatWest admits app fraud problem Barclays changes branch bonuses Goldman braced for more revelations US sues Well Fargo over 'reckless' lending in fraud case JPMorgan's Dimon hits back at government over Bear Stearns suit JPMorgan CFO expected to shift role JPMorgan CEO says he should have caught "London whale"…
Things we're reading today include … Barclays to acquire ING Direct UK Barclays boss Jenkins bags ING Direct in online deal Barclays – a penchant for retail Pranksters present Barclays with award for 'innovation in interest rate manipulation' Awards: Bankers get unwanted recognition U.S. sues Wells Fargo in mortgage fraud case Libor-rigging bankers should be…
Things we're reading today include … VIDEO: IMF: 'uncertainty about the future' American Express and Walmart Launch Bluebird World Bank cuts East Asia GDP outlook, flags China risks McKinsey casts gloomy eye on world banking Race for top job at the Bank narrows as three drop out Bleak future for the banks of tomorrow Amex…
