- 27 April 2012
According to Michael Schuman, the decision last week by the shareholders of Citigroup to reject a $15 million pay package for CEO Vikram Pandit is a victory for capitalism, and a signal that, hopefully, more capitalism is on the way. The Curious Capitalist
From Banco Santander CEO Alfredo Saenz: "Mortgages get paid in good times and in bad," he said in a news conference at the bank's headquarters outside Madrid. "Anyone raising this problem as one of the issues for the Spanish financial system is saying something stupid." FT Alphaville
If earnings reports make you dizzy, don't worry, because Derek Thompson sums up Apple's $39 billion second-quarter performance into four graphs that break down revenue and revenue growth by product, and by country. The Atlantic
The list includes: The one-year rule, the no-friends rule, the 2% rule and the Good health rule. The Altucher Confidential
Morgan Sandquist, a member of the Occupy Wall Street Alternative Banking Group is puzzled why – despite the fact that the largest banks in America-Citibank, Bank of America, Wells Fargo, and others are probably insolvent – no-one seems to care. Naked Capitalism
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- More signs of Currency Wars emerge and some songs for #Indyref day in Scotland
- European court rules airline luggage fees allowed
- What to do about the problem that is Japan and its economy?
- Storm warning – Investors must not believe the current benign times will persist indefinitely
- The thing we definitely know about the Scottish vote - sterling will react one way or another
- English subsidy of Scottish tax breaks must stop, says taxpayers group
- Scottish income tax changes could make it a haven for pensioners
- UK retail sales edge up in August - helped by a dash for vacuum cleaners
- Latest mortgage lending estimates point to best August since 2008
- Is volatility imminent? Investors must not believe the benign backdrop will persist indefinitely...