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…
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…
