Things worth reading: 2nd July 2009

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

  

The Finanser is sponsored by Vocalink and Cisco:
  
For details of sponsorship email us.