Things we're reading today include … Today's must read: The president needed the gravitas of the former Fed chairman to sell his bank reform to Wall Street. But when the big banks didn't buy it, Obama sold him out.How Obama Screwed Volcker – The Daily Beast People Warren Buffett raps failed bank chiefs –…
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…
