Chris Skinner's blog Shaping the future of finance
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). …
Read More »Things worth reading: 1st March 2009
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) …
Read More »Things worth reading: 1st March 2009
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) …
Read More »Things worth reading: 1st March 2009
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) …
Read More »Things worth reading: 28th February 2009
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 …
Read More »Things worth reading: 28th February 2009
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 …
Read More »Things worth reading: 28th February 2009
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 …
Read More »Things worth reading: 27th February 2009
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 …
Read More »Things worth reading: 27th February 2009
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 …
Read More »Things worth reading: 27th February 2009
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 …
Read More »Things worth reading: 27th February 2009
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 …
Read More »Things worth reading: 26th February 2009
Things we're reading today include: Taxpayer to guarantee £600 billion of toxic debt in effort to save ailing banks (The Times) State to insure £300bn of RBS assets (The Financial Times) RBS due to report record UK loss (BBC) £650,000 pension for former RBS chief Sir Fred Goodwin (The Times) …
Read More »Things worth reading: 25th February 2009
Things we're reading today include: Savers withdraw record amount from banks (The Telegraph) LCH.Clearnet moots major fees shake-up Report urges (Financial Times) Police raid on Anglo Irish Bank hits stock market (The Telegraph) German CDS debt spreads hit record as economy crumbles (The Telegraph) Report urges EU finance watchdog (BBC) …
Read More »Things worth reading: 25th February 2009
Things we're reading today include: Savers withdraw record amount from banks (The Telegraph) LCH.Clearnet moots major fees shake-up Report urges (Financial Times) Police raid on Anglo Irish Bank hits stock market (The Telegraph) German CDS debt spreads hit record as economy crumbles (The Telegraph) Report urges EU finance watchdog (BBC) …
Read More »Things Worth Reading: 24th February 2009
Things we're reading on 24th February 2009: ‘We need a pay rise’ bankers demand (The Independent) Andrew Cuomo seeks order to force Merrill bonus disclosure (The Times) The way to regulate hedge funds is through their providers of leverage (The Telegraph) U.S. Bubble Collapse to Be Worse Than Japan’s, CLSA’s …
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