The biggest news stories of the week include … Economic powers move closer to global bank tax – The Telegraph We're drinking our way out of recession, says Diageo – The Independent PayPal suspends some business in India – Financial Times Barack Obama 'doesn't begrudge' bankers their million-dollar bonuses – The Telegraph FSA chief Hector…
Things we're reading today include … Today's must read: "One of the most universally dreaded errands throughout American history has been going to the bank. Synonymous with long lines, incompetent employees and bureaucratic nightmares, banking in person is rarely described as anything other than a necessary evil. Of course, face to face banking has become…
Things we're reading today include … Today's must read: Mervyn King's plan for bank capital 'will backfire' – The Telegraph Senior bankers and top institutional investors are warning that Bank of England Governor Mervyn King is so out of touch with markets that the reforms he is championing will backfire and heighten financial instability. …
Things we're reading today include … FSA in a tiz FSA chief Hector Sants quits – The IndependentFSA chief quits: the candidates to replace Hector Sants – The TelegraphHector Sants makes elegant exit but pressure mounts on Tories to fill the gap – The Telegraph People Varley defends big banks – BBCBarclays chief condemns US…
Things we're reading today include … Today's must read: Brokers must think twice before tweeting, Facebooking – Ars Technica The Financial Industry Regulatory Authority (FINRA) has updated its guidelines for interpreting the rules that govern how brokers present advice to the public to cover online social networks; and, in some cases, the guidelines rely…
Things we're reading today include … Today's must read: EU vote deals blow to US terror data deal – Financial Times US efforts to track down terrorist financing were dealt a blow on Thursday as the European parliament edged closer to rejecting a deal on financial data-sharing between the European Union and the US. The…
The biggest news stories of the week include … Reforming banks: a roundup of current proposals on how to make them smaller – The TelegraphHow to Reform Our Financial System, by Paul Volcker – New York Times'Pass my plans or I'll come back to haunt you,' says Volcker – The IndependentStock markets plunge over Europe…
Things we're reading today include … Today's must read: "Bank of America, through its top management, was motivated by self- interest, greed, hubris, and a palpable sense that the normal rules of fair play did not apply to them."Andrew Cuomo, New York Attorney GeneralKen Lewis charged with fraud over Merrill deal – The Independent …
Things we're reading today include … Today's must read: The Least-Trusted Banks in America – New York TimesCustomers of the biggest banks in the United States are the least likely to believe their financial institution does what’s best for them as opposed to what’s best for the bottom line, according to a new report from…
Things we're reading today include … Bonuses Banks told to comply on bonuses or lose UK banking licences in shock FSA ultimatum – The TelegraphMultimillion-pound payments at Credit Suisse will escape bonus tax – The Times Volcker US to measure banks' trading volumes – The TimesPaul Volcker defends curbs on proprietary trading amid Republican dissent…
