Biggest news of the year so far, apart from the collapse of the financial system, is that the Canadians have found a vast computer spy network, according to New York Times. "In a report to be issued this weekend, the researchers said that the system was being controlled from computers based almost exclusively in China,…
Things we're reading today. News about the industry: Concern over new current accounts (BBC) George Soros: Britain may have to seek IMF rescue (Times) A Europe without leadership (Welt) Time to drown those sorrows at Hong Kong's party (Times) Wall Street promises to work with Washington (Independent) Deposits Continue to Flood Community Banks (Pitch Engine)…
Things we're reading today. News about the industry: Concern over new current accounts (BBC) George Soros: Britain may have to seek IMF rescue (Times) A Europe without leadership (Welt) Time to drown those sorrows at Hong Kong's party (Times) Wall Street promises to work with Washington (Independent) Deposits Continue to Flood Community Banks (Pitch Engine)…
There are loads of things we’re reading today, so we need to place them in sections. First, there’s the big news that Barclays Bank has cleared the crisis according to the FSA, and needs no new capital whilst they trip up in the USA: Barclays gets green light from FSA (Telegraph) Barclays shares soar as…
There are loads of things we’re reading today, so we need to place them in sections. First, there’s the big news that Barclays Bank has cleared the crisis according to the FSA, and needs no new capital whilst they trip up in the USA: Barclays gets green light from FSA (Telegraph) Barclays shares soar as…
Things we're reading today include: HSBC's 1,200 job cuts spark row with union (Independent) Royal Bank of Scotland braced for exodus of traders as pay review starts (Times) AIG London staff dig in heels over bonus payments despite US threats (Times) Mervyn King's comments trigger first gilt auction failure since 1995 (Telegraph) Hurt by Economy,…
Things we're reading today include: HSBC's 1,200 job cuts spark row with union (Independent) Royal Bank of Scotland braced for exodus of traders as pay review starts (Times) AIG London staff dig in heels over bonus payments despite US threats (Times) Mervyn King's comments trigger first gilt auction failure since 1995 (Telegraph) Hurt by Economy,…
Flying around Europe today gives you plenty of time to read the papers back to front, which kind of showed that the banking market is a bit nuts right now, as if we didn't know. For example, I normally read the Financial Times online, but scouring through its pages in tactile form is more satisfying…
Things we're reading today include: Madoff accountant charged with fraud (Guardian) Goldman Sachs plans to hand back $10bn bailout (Independent) Fittingly frugal dish before a Queen (Times) Mervyn King warns Gordon Brown to stop spending (Times) Executive remuneration: European Forum sets out best practices for directors' pay (Europa) Presidential Essay: A time for global action…
Things we're reading today include: Madoff accountant charged with fraud (Guardian) Goldman Sachs plans to hand back $10bn bailout (Independent) Fittingly frugal dish before a Queen (Times) Mervyn King warns Gordon Brown to stop spending (Times) Executive remuneration: European Forum sets out best practices for directors' pay (Europa) Presidential Essay: A time for global action…
