Things we're reading today include ...
Tesco linked to early sale of Northern Rock (Times)
Win Bischoff set to lead Lloyds Banking Group (Times)
Northern Rock losses grow by £1bn (Telegraph)
Citi raises card rates on millions (Financial Times)
Banks face a new social contract (Telegraph)
Bank Woes Deepening in Europe (New York Times)
Sweden rides to defence of hedge funds (Financial Times)
Chinese bloggers hail Green Dam ‘victory’ (Financial Times)
US private sector sheds 473,000 jobs (Financial Times)
A Global Approach to Financial Risk (New York Times)
Quote of the Day:
"The aim is to have sound regulation and not to kill the industry." Mats Odell, Sweden’s financial markets minister
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...
