Things we're reading today include: Companies: Barclays and Lloyds reveal steep rise in bad debts (Times) Barclays pre-tax profits up 15% (BBC) Lloyds shareholders consider protest over Victor Blank's re-election (Guardian) Royal Bank of Scotland overhauls executive team (Guardian) BNP’s balance sheet cheers European banks (Financial Times) Surprise: AIG bonuses more than first reported (MSN)…
Things we're reading today include: StanChart expects record earnings despite uncertainty over global economic conditions (South China Morning Post) 666: Goldman's latest bonus bears the mark of the beast (Independent) Two accused of credit default insider trading (Times) US banking giants face demands to bolster capital cushions (Independent) U.S. Says Bank of America Needs $33.9…
Things we're reading today include: StanChart expects record earnings despite uncertainty over global economic conditions (South China Morning Post) 666: Goldman's latest bonus bears the mark of the beast (Independent) Two accused of credit default insider trading (Times) US banking giants face demands to bolster capital cushions (Independent) U.S. Says Bank of America Needs $33.9…
Things we're reading today include: UK: Time runs short for LCH.Clearnet (Financial Times) Merger spells end for Liba (Financial Times) Study reveals true extent of 'old boys network' between Government and banks (Scotland on Sunday) City in danger of falling victim to EU wiles and becoming another Antwerp (Telegraph)EC demolishes Alistair Darling's recovery forecasts (Telegraph)…
Things we're reading today include: Barclays and Ghana plan tax haven (Guardian) Financials give bourses biggest gains (Financial Times) New BofA chairman must prove independence (Reuters) Report: Citigroup may need $10B in extra capital (Phillyburbs) Citi acts on stress tests (Telegraph) Tug-of-war over stress tests shows banks have become too powerful (Telegraph)Buffett Dismisses Government Stress…
Things we're reading today include: Barclays and Ghana plan tax haven (Guardian) Financials give bourses biggest gains (Financial Times) New BofA chairman must prove independence (Reuters) Report: Citigroup may need $10B in extra capital (Phillyburbs) Citi acts on stress tests (Telegraph) Tug-of-war over stress tests shows banks have become too powerful (Telegraph)Buffett Dismisses Government Stress…
Here are the key stories of the week: A Directory of Social FinanceThe do’s and do not’s of Social FinanceInsider Trading and TwitterArguing about Twitter is a waste of timeWhy mobile banking has taken so longMTFs versus Incumbent Exchanges, Round OneMTFs versus Incumbent Exchanges, Round TwoLook deep into my dark pools Our major stories of…
Here are the key stories of the week: A Directory of Social FinanceThe do’s and do not’s of Social FinanceInsider Trading and TwitterArguing about Twitter is a waste of timeWhy mobile banking has taken so longMTFs versus Incumbent Exchanges, Round OneMTFs versus Incumbent Exchanges, Round TwoLook deep into my dark pools Our major stories of…
Things we're reading today include … Companies: Citi to sell Nikko to SMFG for $7.8bn (Financial Times) Citigroup scrambles to raise capital (Financial Times) Any Citi capital need seen as manageable-sources (Reuters) More bonuses for Citigroup's bankers? Yes (MSN) How Goldman Sachs took over the world (Independent) MasterCard hit by fall in credit card spending…
Things we're reading today include … Companies: Citi to sell Nikko to SMFG for $7.8bn (Financial Times) Citigroup scrambles to raise capital (Financial Times) Any Citi capital need seen as manageable-sources (Reuters) More bonuses for Citigroup's bankers? Yes (MSN) How Goldman Sachs took over the world (Independent) MasterCard hit by fall in credit card spending…
