Mindful Money’s news round-up: Thursday 9th June 2011

9th June 2011

Story of the day:

From the Independent, For anyone wondering why BP has been prepared to put up with so much grief as it strives to increase its presence in Russia, yesterday's ill-tempered Opec meeting provides an answer.

Russia is the big winner from the Opec debacle

And the best of the rest:

In the Telegraph, Britain's most senior bankers have warned that plans to protect UK savers' money in the event of a future crisis could expose the financial system to greater risk.

Bankers warn MPs that new controls could create more risk in financial system

Also from the Telegraph, the board of controversial FTSE 100 mining group Eurasian Natural Resources Corporation (ENRC) imploded on Wednesday as two heavyweight independent directors were voted off the board in a move one described as "brutal".

ENRC 'more Soviet than City', says ousted board member Ken Olisa

Reported in the New York Times, With traditional lenders still avoiding risky borrowers in the wake of the financial crisis, hedge funds and other opportunistic investors are stepping into the void. They are going after midsize businesses that cannot easily raise money in the bond markets like their bigger brethren.

Bank Said No? Hedge Funds Fill a Void in Lending

The BBC News, The proportion of income that Premier League clubs spend on wages hit a record 68% in 2009-10, a report into football finances by Deloitte says.

Premier League wages keep on rising, Deloitte says

Reuters is reporting, Citigroup Inc (C.N) said computer hackers breached the bank's network and accessed the data of about 200,000 bank card holders in North America, the latest of a string of cyber attacks on high-profile companies.

Citi says hackers access bank card data

The Daily Mail, A good job and a home in a well-off district are likely to bring you ten extra years of life, a study claimed yesterday.

Leave a Reply

Your email address will not be published. Required fields are marked *