The banks have been broadly on the defensive for a couple of years now but my capitalist media-antennae tell me they are drawing up the artillery in preparation for a struggle to get those pesky governments and regulators off their backs.
We'll be looking at some of this in detail shortly, but it's another nice day and so for now, here's just a reading list from the Sunday papers.
- From the Telegraph: HSBC doesn't want to be broken up
- Osborne is praised for rebuffing the EC on banking regulation (and quite right too)
- RBS doesn't want to be thought of as socially useless (and we certainly can't move for NatWest 'Helpful Banking' ads these days, can we ?)
- The Indy suggests that Osborne has already been nobbled
- From the Observer: PWC worries (on behalf of whom, we wonder ?) that if banks are made to hold more risk capital we'll all suffer (this is a really juicy issue we shall certainly be coming back to)
- And from the Scotsman, this time it's the Scottish wing of PWC worrying that, errr, Scotland will suffer (thus proving that it's part of a coordinated lobbying campaign)
What with the Bank Of Old Buffers limbering up on the horizon, the battlefield is getting crowded ...