Reading

Today's news headlines are dominated by HSBC's results, which show profits down 62% and a rights issue of $17 billion (£12.5 billion) at a discount on the share price of almost half (shares closed at £4.91 on Friday and the rights issue is 5 shares for every 12 at £2.54).  The result is the HSBC's…

Today's news headlines are dominated by HSBC's results, which show profits down 62% and a rights issue of $17 billion (£12.5 billion) at a discount on the share price of almost half (shares closed at £4.91 on Friday and the rights issue is 5 shares for every 12 at £2.54).  The result is the HSBC's…

Today's news headlines are dominated by HSBC's results, which show profits down 62% and a rights issue of $17 billion (£12.5 billion) at a discount on the share price of almost half (shares closed at £4.91 on Friday and the rights issue is 5 shares for every 12 at £2.54).  The result is the HSBC's…

Things we're reading on 1st March 2009: Banks flock to Mandelson's £10bn fund (The Telegraph) State-funded banks face tax-avoidance inquiry (The TImes) HSBC takes £17bn hit on bad loans (The Times) HSBC to raise £12bn in rights issue (The Telegraph) HBOS ex-chief executive eyes US financial services job (The Independent) Gordon Brown insists the European…

Things we're reading on 1st March 2009: Banks flock to Mandelson's £10bn fund (The Telegraph) State-funded banks face tax-avoidance inquiry (The TImes) HSBC takes £17bn hit on bad loans (The Times) HSBC to raise £12bn in rights issue (The Telegraph) HBOS ex-chief executive eyes US financial services job (The Independent) Gordon Brown insists the European…

Things we're reading on 1st March 2009: Banks flock to Mandelson's £10bn fund (The Telegraph) State-funded banks face tax-avoidance inquiry (The TImes) HSBC takes £17bn hit on bad loans (The Times) HSBC to raise £12bn in rights issue (The Telegraph) HBOS ex-chief executive eyes US financial services job (The Independent) Gordon Brown insists the European…

Things we're reading on 28th February 2009: Lloyds finds £80bn of high-risk loans at HBOS (The Independent) Saudi Prince Alwaleed helps Citigroup fight off threat of nationalisation (The Times) Congress in no mood for more bank bail-outs (Financial Times) One Bank Saves $23.5m By Better Managing Remote IT Facilities (Bank Systems & Technology) FSA tells…

Things we're reading on 28th February 2009: Lloyds finds £80bn of high-risk loans at HBOS (The Independent) Saudi Prince Alwaleed helps Citigroup fight off threat of nationalisation (The Times) Congress in no mood for more bank bail-outs (Financial Times) One Bank Saves $23.5m By Better Managing Remote IT Facilities (Bank Systems & Technology) FSA tells…

Things we're reading on 28th February 2009: Lloyds finds £80bn of high-risk loans at HBOS (The Independent) Saudi Prince Alwaleed helps Citigroup fight off threat of nationalisation (The Times) Congress in no mood for more bank bail-outs (Financial Times) One Bank Saves $23.5m By Better Managing Remote IT Facilities (Bank Systems & Technology) FSA tells…

Things we're reading on 27th February 2009: Government's insurance for toxic assets is generous to a fault (The Telegraph) RBS and Lloyds nationalised in all but name, says Bank of England Governor Mervyn King (The Telegraph) Lloyds sees HBOS loss of £10.8bn (BBC – quotes Chris Skinner) Lloyds keen to bury £200bn toxic debt in…