Things we're reading today include … Visa names Charles W. Scharf as new CEO Santander hits back at 'inaccurate' Barclays report Lower trading volumes hamper Nasdaq MTS buys into Russian bank FSA calls time on risky home loans Former Stock Exchange chairman joins calls for end to free banking US bank boss jailed for two…
Things we're reading today include … RBS under pressure to offload US business Banks need to 'charge more for SME loans' 'Resist EU's bid to restrict HFT' New finance tax for 10 EU states RBS agrees to $42.5 million settlement with Nevada attorney general: NYT Sir Mervyn King: no recovery until banks recapitalise French banks…
Things we're reading today include … MoneyGram and PayPal Collaborate on Global Cash In, Cash Out Lloyds considers plan to ditch annual bonuses Nationwide link to RBS branches Barney Frank cries foul in government's lawsuit against JPMorgan Talanx offers lesson on big bank failings European investment banks – reality time Analysis: If U.S. goes over…
Things we're reading today include … White House candidates put bank reform on back burner MF Global ‘most traded bankruptcy claim’ HK moves to weaken local currency Report on collapse of HBOS faces long delay Who are the muppets now? Goldman exposé falls short of hype Delays loom for bank reforms in eurozone Banks face…
Our biggest stories of the past week are … The World Payments Report 2012, Part One The World Payments Report (WPR) has just come out. It is the 8th report produced by EFMA, in partnership with Cap Gemini and the Royal Bank of Scotland (ABN AMRO previously), and provides a good analysis of global payments…
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…
