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….
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…
