Things we're reading today include … Today's must read: Joseph Stiglitz: Why we have to change capitalism – The Telegraph "In the current crisis, bankers lost our trust, and lost trust in each other. Economic historians have emphasized the role that trust played in the development of trade and banking. The reason why certain…
The biggest news stories of the week include … Fraud fear blocks Haiti donations – BBCAfter £800bn loans, China tells banks to focus on the real economy – The TimesBarack Obama's speech on banking reform: in full – The TelegraphMichael Geoghegan speaks to Sky News' Jeff Randall: Full Transcript – The TelegraphBen Bernanke requests audit…
Things we're reading today include … Today's must read: Barack Obama's speech on banking reform: in full – The Telegraph "While the financial system is far stronger today than it was one year ago, it's still operating under the same rules that led to its near collapse. These are rules that allowed firms to act…
Things we're reading today include … Today's must read: Michael Geoghegan speaks to Sky News' Jeff Randall: Full Transcript – The Telegraph HSBC was one of the first banks to come out and say we support the G20 remuneration strategy, we will be with us. What’s disappointing is that the UK is leading it and…
Things we're reading today include … Companies Credit Suisse to cut bonuses budget by 5% – The TimesTop Credit Suisse bankers to bear brunt of Chancellor’s bonus tax – The Times Citigroup reports loss of $7.6bn – BBCBig bonuses at Citigroup despite huge losses – The IndependentCitigroup cuts compensation by 20% as losses fall –…
Things we're reading today include … Today's must read: "'The idea that London is going to be full of tumbleweed in 10 years is not credible,' Savvas Savouri, chief economist at Tosca … instead, Mr Savouri predicts that London will attract at least 100,000 new financial jobs in the next 10 years, as the growth…
Things we're reading today include … Today's must read: "The question that has not properly been answered, despite the greatest financial crisis in decades, is this: what is a bank for nowadays? What businesses should it be in and how profitable should its shareholders expect it to be? Is it right for deposit-taking to happen…
The biggest news stories of the week include … 'Significant chance' of second financial crisis, warns World Economic Forum – The TelegraphBarack Obama imposes tax on big banks – The TelegraphQuestioning reveals Barnier’s reforming zeal – Financial TimesTreasury Secretary Timothy Geithner's emails supoenaed in AIG inquiry – The TelegraphRecord profit for US central bank…
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….
