The biggest news stories of the week include … The Future of Money: It’s Flexible, Frictionless and (Almost) Free – Wired Banks have paid their pound of flesh, now the pillorying must stop – The Telegraph Barnier visits City in bid to calm anger over EU regulation plans – The Telegraph Bank of England chief…
Things we're reading today include … Today's must read: Mervyn King: 'We live in a fool's paradise' – The Independent The world is living in a financial "fool's paradise", according to the Governor of the Bank of England, Mervyn King, who has called for radical reform of the financial system and the break-up of big…
Things we're reading today include … Spat of the Day: Downing Street unleashed Hell against me over economy, says Darling – The TimesGordon Brown: I didn't unleash 'forces of Hell' on Alistair Darling – The Times Companies RBS set to announce £5bn losses – BBCGreen light given for RBS banker bonuses – The IndependentBig rise…
Things we're reading today include … Today's must read: The Future of Money: It’s Flexible, Frictionless and (Almost) Free – Wired A simple typo gave Michael Ivey the idea for his company. One day in the fall of 2008, Ivey’s wife, using her pink RAZR phone, sent him a note via Twitter. But instead of…
Things we're reading today include … Today's must read: Goldman admits helping Greece 'fiddle books' to conceal public debt – The Telegraph Addressing the influential Treasury Select Committee, Gerald Corrigan, a Goldman Sachs managing director, accepted that the investment bank had "enabled politicians to mask borrowings" through a complex currency transaction in 2001. People…
Things we're reading today include … Today's must read Wall Street Takes Break for Tiger Woods Apology – Bloomberg For a few minutes, Tiger Woods was bigger than Ben S. Bernanke. The CHART OF THE DAY shows that a day after the Federal Reserve chairman and his colleagues raised the rate charged to banks for…
The biggest news stories of the week include … Top Earners Averaged $345 Million in 2007, IRS Says – Bloomberg Treasury will receive £1.5bn boost from bankers' tax – The Telegraph Barclays reports profits up 92% to £11.6 billion – The Independent Barclays hits customers with huge overdraft fee increases – The Independent Hank Paulson…
Things we're reading today include … Today's must read: Bank logins targeted by global botnet: 74,000 PCs compromised – SiliconA botnet designed to steal logins for banking websites, social networks and emails compromised more than 74,000 PCs across 2,500 organisations worldwide over the last 18 months, a security firm said on Wednesday. Bonuses Top…
Things we're reading today include … Companies Banks struggle with Barclays' bonus precedent - The TelegraphRBS only sells part of its trading operations – The IndependentBNP Paribas in quarterly profit – BBCBNP Paribas bankers share €500m bonus pool - The Times Markets Markets: Ghost in the machine - Financial TimesBanks urged to help out excluded - BBCEuro falters as Merkel insists on…
Things we're reading today include … Barclays and Bonuses Barclays reports profits up 92% to £11.6 billion – The IndependentBankers pocket £2.7bn bonuses as record profits announced – The IndependentDiamond says forget bonuses and be proud – Financial TimesBarclays has changed the rules of the game and bankers should take note – The TelegraphDebt of…
