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…
Things we're reading today include … Barclays and Bonuses Barclays reports profits up 92% to £11.6 billion – The IndependentBankers pocket £2.7bn bonuses as record profits announced – The IndependentDiamond says forget bonuses and be proud – Financial TimesBarclays has changed the rules of the game and bankers should take note – The TelegraphDebt of…
Things we're reading today include: Companies £4.5bn bonus pot expected as Barclays profits soar – The IndependentHSBC faces investor anger over proposed pay rise for top team – The TimesFidessa braces itself for the Lehman wave to reach it at last – The Times‘We’re going to be No 1,’ upstart rival warns LSE – The…
Things we're reading today include … Today's must read: Goodbye, Hector. Gandalf, you’ve got the job – The Times Wanted: clairvoyant superman/ woman with steel cojones and complete understanding of derivatives. Must possess skin thicker than rubber and excellent sad-yet-sorry face for public post-crash rituals of contrition, otherwise known as “select committee hearings”. Britain needs…
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…
