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…
The biggest news stories of the week include: "Too big to fail" must end for all: FDIC chief (Reuters)Report on Wall Street banks' bailouts says US Treasury misled public (Guardian)The demise of the dollar (Telegraph)Britain overtakes US as top financial centre (Telegraph)FSA's tough new liquidity rules could cost British banks up to £9.2bn a year (Telegraph)SEC…
Things we're reading today include … */ Today's must read John Thain, former CEO of Merrill Lynch, speaking at Wharton College on September 30th: "Creating things that you don't understand – that the buyer doesn't understand, that the rating agency doesn't understand, that the regulator doesn't understand – is really not a good idea no…
Things we're reading today include … */ Today's must read John Thain, former CEO of Merrill Lynch, speaking at Wharton College on September 30th: "Creating things that you don't understand – that the buyer doesn't understand, that the rating agency doesn't understand, that the regulator doesn't understand – is really not a good idea no…
Things we're reading today include … */ Today's must read John Thain, former CEO of Merrill Lynch, speaking at Wharton College on September 30th: "Creating things that you don't understand – that the buyer doesn't understand, that the rating agency doesn't understand, that the regulator doesn't understand – is really not a good idea no…
Things we're reading today include … */ Today's must read John Thain, former CEO of Merrill Lynch, speaking at Wharton College on September 30th: "Creating things that you don't understand – that the buyer doesn't understand, that the rating agency doesn't understand, that the regulator doesn't understand – is really not a good idea no…
Things we're reading today include … Today's must read: Morgan Stanley CEO John Mack, Geithner, Fed Chief Ben Bernanke and US Treasury Secretary Hank Paulson on a conference call during the week of September 15th 2008 when Lehmans collapsed: Geithner (to Mack): 'We've spent a lot of time working on this, and we think you…
Things we're reading today include … Today's must read: Morgan Stanley CEO John Mack, Geithner, Fed Chief Ben Bernanke and US Treasury Secretary Hank Paulson on a conference call during the week of September 15th 2008 when Lehmans collapsed: Geithner (to Mack): 'We've spent a lot of time working on this, and we think you…
Things we're reading today include … Today's must read: "One employee of a large bank discovered that his entire division was being eliminated via a Reuters wire."11 Horrific Layoff Stories (Billshrink) Companies Amazon Mobile Payments Service – Monetize your mobile applications or website easily with Amazon Payments (Amazon Payments Blog)First Direct sorry for text mess (Register)HSBC boss…
