Things we're reading today include ...
Companies
US bank secures $3bn rescue loan (BBC)
Three cheers for Goldman Sachs profits and its bonuses (Telegraph)
Lehman sells off trinkets on eBay (Independent)
Lloyds steps up race to find chairman
(Financial Times)
Regulation
Osborne to outline Conservative plans for banking regulatory reform
(Guardian)
Tories target Barclays shake-up (Independent)
FSA staff fear for future after Conservatives outline plans (Telegraph)
Bank of England Governor Mervyn King fears new powers will be poisoned chalice (Telegraph)
Guaranteed bonuses would breach FSA code, City warned (Guardian)
Banks must pay high price for state control (Times)
Crisis
US 'exposure to crisis $23.7tn' (BBC)
Some bailout firms increase spending on lobbying Congress (Cleveland Ohio News)
UK is the distress capital of Europe (Financial Times)
Financial crisis threatens long-term injury to the economy (Telegraph)
Iceland to hand bank stakes to creditors (Telegraph)
Plain-talking bank chief points finger at the greedy (Financial Times)
Bernard Madoff working in prison engraving department to pay for food and luxuries (Telegraph)
Quote of the Day:
"I believe in getting into hot water. It keeps you clean."
G. K. Chesterton
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...
