Things we're reading today include ...
Companies:
Morgan Stanley fined £1.4m for failure to supervise trader Matthew Piper (Telegraph)
AIG bonuses not a surprise (Denver Post)
Advanta’s Card-Lending Shutdown May Imperil Customers
(Bloomberg)
UK:
Bank sees slow economic recovery
(BBC)
Bank of England believes recession has probably bottomed out (Guardian)
Europe:
Belgian cabinet discusses bail-out of KBC
(Financial Times)
Germany agrees 'bad bank' scheme (BBC)
Top Irish banker pelted with eggs (BBC)
Geithner Urges Electronic OTC Derivatives Trading
(Telegraph)
US to call for OTC derivatives regulation (Financial Times)
Green shoots wither on poor US retail figures
(Guardian)
US 'sham' bank bail-outs enrich speculators, says buy-out chief Mark Patterson (Telegraph)
General:
Traders take a ride on the cash carousel (Telegraph)
Why We Spend Coins Faster Than Bills (NPR)
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...
