Things we're reading today include: Cherie Blair hired to sue RBS and Sir Fred Goodwin (Telegraph) Barclays under pressure to sell $1 trillion BGI business (Telegraph) HSBC bailout 'unthinkable' (Straits Times) AIG says it spent some bailout money paying banks (Charleston Daily Mail) Bernanke hopeful for US recovery (BBC) G20 summit approves IMF cash boost…
UK: Barclays tax dodge ‘nets £1bn a year ’ (The Times) Barclays starts £5bn funds sale (The Times) Citi guarantees bonuses for London hires (Reuters) 'Laughable' new fraud initiative (Independent) Banks are squeezing us for billions (The Times) We need more risk and less regulation of the financial sector (Telegraph) AIG London unit not regulated…
UK RBS (collapse) would break Scotland (BBC) USA Citigroup to induct 4 ‘professional’ directors in board shake-up news (domain-b.com) World World Bank tells G20 finance ministers fix banks before boosting growth (Guardian) UBS: Called to account (The Economist) Switzerland breaks with tradition on tax evasion (Cleveland.com) Beginning of the end for tax havens (Guardian) China’s…
UK RBS (collapse) would break Scotland (BBC) USA Citigroup to induct 4 ‘professional’ directors in board shake-up news (domain-b.com) World World Bank tells G20 finance ministers fix banks before boosting growth (Guardian) UBS: Called to account (The Economist) Switzerland breaks with tradition on tax evasion (Cleveland.com) Beginning of the end for tax havens (Guardian) China’s…
Things we're reading today include … UK: Sants says FSA will toughen stance (Financial Times) Sants tells City to be 'frightened' of the FSA (Times) Hector Sants says bankers should be 'very frightened' by the FSA (Telegraph) Ban on shorting banks failed miserably, say experts (Financial Times) RBS avoided £500 million of tax in global…
Things we're reading today include … UK: Short-sellers target Standard Chartered (Telegraph) Paulson may have made £300m shorting Lloyds and HBOS (Telegraph) Bank of England's launch of quantitative easing a qualified success (The Times) Under King's rule, conventional gilts are now suddenly sexy (Guardian) Jeremy Warner: Is the Bank shooting at the wrong target in…
Things we're reading today include … UK: Short-sellers target Standard Chartered (Telegraph) Paulson may have made £300m shorting Lloyds and HBOS (Telegraph) Bank of England's launch of quantitative easing a qualified success (The Times) Under King's rule, conventional gilts are now suddenly sexy (Guardian) Jeremy Warner: Is the Bank shooting at the wrong target in…
Things worth reading today include … UK: Barclays in the spotlight as next APS candidate (The Independent) Redundancy insurers add bank staff to blacklist (The Times) Savers set to pay for bank accounts, as Bank of England reveal rates have hit record low (The Telegraph) USA: Bernard Madoff faces 150 years as he agrees to…
Things worth reading today include … UK: Barclays in the spotlight as next APS candidate (The Independent) Redundancy insurers add bank staff to blacklist (The Times) Savers set to pay for bank accounts, as Bank of England reveal rates have hit record low (The Telegraph) USA: Bernard Madoff faces 150 years as he agrees to…
Things we're reading today include: Barclays warned on toxic asset dumping (Financial Times) Barclaycard and Orange unveil pay-by-mobile service (Telegraph) Ex-banker jailed for blackmail attempt (Financial Times) Pound slides as bank shares hit (BBC) Exposed: the banks’ cosy ties to watchdog (The Times) Stocks Push Higher on Citigroup’s Upbeat Memo (New York Times) Hedge funds…
