The biggest news stories of the week include: Lloyds asks taxpayers for another £5bn (Guardian)Bonuses Put Goldman in Public Relations Bind (New York Times) Banker wages: When $650 million doesn't show up (Charlotte Observer)US banks' profits beat forecasts (BBC)Bill Shields Most Banks From Review (New York Times)Have Banks No Shame? (New York Times)Lessons from the financial…
Things we're reading today include … * Today's must read: "Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other…
Things we're reading today include … Companies Lloyds asks taxpayers for another £5bn (Guardian)UK government won't underwrite Lloyds rights, report (Telegraph)Lloyds in talks to sell HBOS private client assets (Times)Commerzbank sells off Kleinwort (BBC)JPMorgan Chase’s towering income lifts bank shares (Times)J.P. Morgan Chase Results: Four Analyst Quick Takes (Wall Street Journal)Goldman Sachs poised to inflame row…
Things we're reading today include … * Today's must read: "It is a very great pleasure for me to address you today at this event marking the official 'SEPA Direct Debit Launch' … today is a historic day for SEPA Direct Debit payments and a watershed in the further development and progression of the SEPA…
Things we're reading today include … * Today's must read: "It is a very great pleasure for me to address you today at this event marking the official 'SEPA Direct Debit Launch' … today is a historic day for SEPA Direct Debit payments and a watershed in the further development and progression of the SEPA…
Things we're reading today include … Today's must read: "Bankers' wages took a record hit this year. Financial wages dropped by a third, or $650 million, in the first quarter, compared to the same January-to-March period in 2008, recent government data show. That's the result of slashed bonuses and lost financial-services jobs as the financial…
Things we're reading today include … Today's must read: "Bankers' wages took a record hit this year. Financial wages dropped by a third, or $650 million, in the first quarter, compared to the same January-to-March period in 2008, recent government data show. That's the result of slashed bonuses and lost financial-services jobs as the financial…
Things we're reading today include … Today's must read: "Bankers' wages took a record hit this year. Financial wages dropped by a third, or $650 million, in the first quarter, compared to the same January-to-March period in 2008, recent government data show. That's the result of slashed bonuses and lost financial-services jobs as the financial…
Things we're reading today include … Today's must read: Have Banks No Shame? (New York Times) A few months ago, I asked Simon Johnson, the former International Monetary Fund economist, now a prominent critic of the banking industry, what he thought the banks owed the country after all the government bailouts. “They can’t pay what…
Things we're reading today include … Today's must read: Have Banks No Shame? (New York Times) A few months ago, I asked Simon Johnson, the former International Monetary Fund economist, now a prominent critic of the banking industry, what he thought the banks owed the country after all the government bailouts. “They can’t pay what…
