Things worth reading: 4th February 2010

Things we're reading today include ...

Today's must read:

The Least-Trusted Banks in America - New York Times
Customers of the biggest banks in the United States are the least likely to believe their financial institution does what’s best for them as opposed to what’s best for the bottom line, according to a new report from Forrester Research.

Bank Branding: How Banks Hope to Get Disgruntled Consumers to Stay Loyal - My Bank Tracker

Companies

RBS bailout faces legal attack thanks to bank's lending record - The Independent
BofA push for 2,000 more retail brokers - Financial Times
Goldman: Employees Don’t Mind Record Low Pay Ratios - Wall Street Journal

Bonuses

AIG plans to pay $100 million in another round of bonuses - Washington Post
'Outrageous' AIG bonuses attacked - BBC
Treasury writes to City investors urging them to scrutinise bankers' pay as bonuses loom - The Telegraph
FSA edict on bonuses to spark legal challenges - The Telegraph
FSA's ban on buying out bonuses sends recruitment market for bankers into disarray - The Telegraph
Wall Street Pay - New York Times

Markets

Bank may halt quantitative easing - BBC
High-speed traders seek bigger profile - Financial Times
Finance big guns fire furious broadside at Myners - The Times
Tougher action is needed over financial woes, EC tells Greece - The Independent

 

Quote of the Day:

73 percent of Internet bank clients share online banking password with non-financial sites, and 47 percent re-use both, their online banking user name and password, British firm Trusteer said, citing a sample of more than 4 million users.

Most web bank clients use same passwords elsewhere - Reuters