Things worth reading today include ...
UK:
DTCC pulls out of merger talks with LCH.Clearnet (Times)
Lloyds chief in line for £4m share award (Telegraph)
Barclays in £3.4bn bond exchange (Financial Times)
Europe:
Milan Police Seize UBS, JPMorgan, Deutsche Bank Funds (Bloomberg)
NYSE Euronext steps up cost cutting (Financial Times)
UBS fights to keep names of account holders suspected of dodging US taxes a secret (The33TV)
Swiss government asks US court to throw out UBS tax evasion case (Telegraph)
USA:
U.S. Bank Stress Test Results Delayed as Conclusions Debated (Bloomberg)
US banking chairman is voted out (BBC)
Governance and BofA (Financial Times)
Bank of America’s shareholders get tough—sort of (Economist)
Former Citigroup banker charged with insider trading
(Axcess News)
Buffett faces a grilling from investors (Financial Times)
Economy:
MPs blame bankers for 'astonishing mess' (Telegraph)
Bankers made 'astonishing mess' (BBC)
Banks and regulators to blame for the 'astonishing mess' today (Independent)
City's dominance in doubt (Telegraph)
Rapid Spread of Crisis Reflects Close Global Economic Ties (IMF)
Regulation:
McCreevy spares hedge funds from tight regulation (Euractiv)
European Parliament’s adoption of two proposals in the area of e-money and cross-border payments (Europa)
Industry:
Financial services' reputations on a par with tobacco, finds study (PR Week)
Wall Street's chief executives: back from the dead (Economist)
And Tom Toles of the Washington Post draws what many are thinking:
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...
