Things we're reading today include … America's Bank Tax Barack Obama imposes tax on big banks – The TelegraphObama's bank tax will only work if there's a master plan in place – The TelegraphUK banks face $10bn bill from US over bailouts – The TimesObama tax to cost UK's biggest banks $11bn – The Telegraph…
Things we're reading today include … Today's must read: City Diaries – BBC "For some of my colleagues, as in any firm, the bonus is the main motivation to work. This is no different to my time in retail, where a profit share scheme was also in operation. This is simply because money motivates people….
Things we're reading today include … Companies RBS is no longer at risk of a 'blow up', Hester tells MPs – The IndependentRBS boss: Bonuses will be 'the minimum we can get away with' – The Independent Lloyds handover would allow Daniels to salvage something of his reputation – The TelegraphInfosys reports quarterly fall in…
Things we’re reading today include … Today’s must read: Disappointment ahead for UK — and big test for euro – The Times “The world’s weakest currency is likely to be the euro as US exporters increase their global market share mainly at the expense of European rivals, while Chinese and Japanese manufacturers divert to Europe…
The biggest news stories of the week include … Y2.01K bug hits BoQ Eftpos system – Sydney Morning HeraldGerman bank cards hit by '2010' bug – Financial TimesTim Geithner's NY Fed told AIG to keep quiet about $105bn paid to banks – TelegraphVirgin plans to develop UK bank – BBCBarclaycard and Orange unwrap contactless credit…
Things we're reading today include … Today's must read: One of the greatest challenges for economics and public policy at this time is to restore financial and economic stability, and to improve the future functioning of financial systems. A pre-condition for meeting this challenge is a deep understanding of the nature of systemic risk. And…
Things we're reading today include … Today's must read: Financial Services Firms Ban Facebook – Advanced Trading According to a survey of 600 global companies carried out by security firm Sophos, 50 percent of companies ban their employees from accessing Facebook. Companies Four directors at John Paulson's European arm net £50m betting on bank woes…
Things we're reading today include … Today's must read: Are we about to see the end of the much-vaunted eurozone? – Guardian "The imposition of the euro, and the rigid economic policy a single currency implies, is having socially catastrophic effects across much of Europe on a scale that dwarfs Britain's suffering in the 1990s….
Things we're reading today include … Today's must watch: Eliot Spitzer (no jokes please) on regulators Today's must read: Single standard proves elusive goal – Financial Times "Cracks in international relations have been brought to light. There was the rushed adoption in October 2008 of an amendment to IFRS, allowing reclassifications of certain assets, without…
