Things we're reading today include … Today's must read: "Bankers' wages took a record hit this year. Financial wages dropped by a third, or $650 million, in the first quarter, compared to the same January-to-March period in 2008, recent government data show. That's the result of slashed bonuses and lost financial-services jobs as the financial…
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…
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…
