Things we're reading today include ...
Companies:
Banco Santander hit by bad debt provisions (Times)
SocGen chief resigns over 'personal attacks' (Times)
Analysis: Aloof Bouton sealed his fate (Times)
Citigroup scrambles to raise capital (Financial Times)
London Ponders Its Future as Financial Powerhouse (New York Times)
Shanghai to list foreign stocks in bid to become financial hub (South China Morning Post)
Economy:
Bank of England tells lenders to remain cautious (Independent)
Time for Bank Creditors to Share the Pain? (New York Times)
Signs of tide turning for Asian exporters (South China Morning Post)
Regulation:
European Commission unveils tough hedge fund directive (Telegraph)
Hedge fund manager fined for inflating prices (Financial Times)
Bank Regulation Case Pits U.S. Against States (New York Times)
Confidence in banks is key to economic recovery and germane to this is integrated regulation (Telegraph)
Feeling Secure, Some Banks Want to Be Left Alone (New York Times)
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...
