Things we're reading today include … Today's must read: Former Goldman Sachs employee charged with stealing trade secrets (Guardian)The information stolen from Goldman is "software code that drives a platform performing 'sophisticated, high-speed and high-volume trades on various stock and commodity markets' by quickly obtaining and analysing information about changes in market conditions." UK: FSA…
Things we're reading today include … Today's must read: Bangladeshi banking to help Scots (BBC) "A radical form of banking pioneered in Bangladesh could be brought to Scotland to help people out of poverty. But legal uncertainty may scupper the plans by Professor Muhammad Yunus to offer small business loans to people without collateral. The…
The biggest news stories of the week include: Britain's banks are on life support, says Miles (Independent)Probe launched after rogue trader costs City oil broker $10m (Guardian)Kroes sees Lloyds and RBS asset sales (Financial Times) How the ECB’s fig leaf has completely withered away (Times) Madoff given maximum sentence – 150 years in jail (Times)China's…
Things we're reading today include … Today's must read:It's July 4th and America is celebrating 233 years of not being British … to recognise this annual jamboree, along with previous discussions of the founding of America and the role of Alexander Hamilton in the creation of the First Bank of America, I thought a little…
Things we're reading today include … Today's must read:It's July 4th and America is celebrating 233 years of not being British … to recognise this annual jamboree, along with previous discussions of the founding of America and the role of Alexander Hamilton in the creation of the First Bank of America, I thought a little…
Things we're reading today include … RBS chief tries to defuse concern over pay (Times) FSA to add two new divisions in 'radical' overhaul, says chief executive Hector Sants (Telegraph) Probe launched after rogue trader costs City oil broker $10m (Guardian) Open warfare between Rolling Stone and Goldman Sachs (Times) Goldman Sachs bankers in line…
Things we're reading today include … RBS chief tries to defuse concern over pay (Times) FSA to add two new divisions in 'radical' overhaul, says chief executive Hector Sants (Telegraph) Probe launched after rogue trader costs City oil broker $10m (Guardian) Open warfare between Rolling Stone and Goldman Sachs (Times) Goldman Sachs bankers in line…
Things we're reading today include … Tesco linked to early sale of Northern Rock (Times)Win Bischoff set to lead Lloyds Banking Group (Times)Northern Rock losses grow by £1bn (Telegraph)Citi raises card rates on millions (Financial Times)Banks face a new social contract (Telegraph) Bank Woes Deepening in Europe (New York Times)Sweden rides to defence of hedge funds (Financial Times)Chinese bloggers hail Green…
Things we're reading today include … Today's must read: China Limits Use of ‘Virtual’ Currency (New York Times) "China issued regulations made public Tuesday aimed at cracking down on the use of virtual currencies amid worries that a huge underground economy was developing out of the country’s online gaming community. The rules, issued jointly by…
Things we're reading today include … Today's must read: China Limits Use of ‘Virtual’ Currency (New York Times) "China issued regulations made public Tuesday aimed at cracking down on the use of virtual currencies amid worries that a huge underground economy was developing out of the country’s online gaming community. The rules, issued jointly by…
