Things we're reading today include ...
Companies:
- UBS replaces investment banking boss (Independent)
- D Bank surprises investors as chief stays on (Financial Times)
- Deutsche Bank back in black (Financial Times)
- Bid for LCH.Clearnet delayed (Financial Times)
- National Australia Bank profits fall 9.4% (Financial Times)
- Invesco leads fund bid for (US) bank assets (Financial Times)
- Thain accuses BofA of lying during bonus row (Independent)
Markets:
- UK banks face higher capital ratios (Financial Times)
- Fed Pushes Citi, BofA to Increase Capital (Wall Street Journal)
- Banks Face $400 Billion More in Losses, JPMorgan Says (Bloomberg)
- Fidessa reports signs of recovery in clients (Financial Times)
- Do more to stop insider trading, watchdog tells banks (Guardian)
- IBM’s Financial New World Order (IBM)
Pandemics:
- Overview: Pandemic fears weaken investor confidence (Financial Times)
- Flu drug hopes boost UK stocks (Times)
- 5 Deadliest Pandemics in History (Neatorama)
Recession:
- Brothels cut prices to beat the recession (Independent)
- A Glossary of Important Recession Terms (Billshrink)
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...