Things we're reading today include ...
Results and Markets:
Bank of America's Profit Mainly Due to Recent Deals
(Washington Post)
Six-week share rally founders as Bank of America reports surge in bad debts (Times)
Asian stocks fall on bank fears (BBC)
Global markets slide on banking fears (Telegraph)
Stock markets hit by BofA’s bleak forecast (Financial Times)
Companies:
Head of Barclays Commercial Bank steps down (Independent)
Fresh questions on Pandit’s future at Citi (Financial Times)
Royal Bank of Scotland directors lose their subsidised sandwiches (Daily Record)
How Financial Brands Should Market In a Recession
(Harvard Business)
Economies:
British economy falls into deflation for first time since 1960 (Telegraph)
Merkel sees signs of crisis bottoming out (Financial Times)
EU OKs delayed mortgage payments for UK households (Euractiv)
Slowdown hits (Indian) credit cards business (Hindu Business Line)
Regulation:
EU draft rules for hedge funds attacked (Financial Times)
Banks invest in compliance and risk monitors (Financial Times)
Technology:
IBM remains upbeat despite 11% decline in revenue (Times)
Oracle edges out IBM to clinch $7.4bn deal with Sun Microsystems (Independent)
Oracle's bid for Sun sets up challenge to system giants (Times)
Our Full Analysis of the $7.4B Oracle-Sun Deal (GigaOM)
And news from the Washington Post today that the Moldova revolution which was reported to be organised on Twitter, as mentioned on 8th April (8th story), was not true!
The Finanser Blog is supporting Just Giving this week.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
