In today's FT

View an online version of this email here.  All times are London time: Wednesday Feb 18 2009 Financial Times - UK Homepage SEC charges Stanford with fraud Feb 17 2009 21:42 The US Securities and Exchange Commission has accused Sir Allen Stanford, the billionaire Texan businessmen, of a 'massive' fraud through his Antigua-based offshore bank Read more » Obama beefs up troops in Afghanistan Feb 18 2009 01:00 In his first big military decision as commander-in-chief, the US president approves the deployment of 17,000 new troops to fight a resurgent insurgency by Taliban and al-Qaeda militants Read more » RBS to pay bonuses worth up to £950m Feb 17 2009 20:59 Cash bonuses paid to staff at Royal Bank of Scotland will be cut by 90% this year to £175m after ministers exercised their right of veto over payments to bank staff Read more » Financial Times - US homepage Greenspan backs bank nationalisation Feb 18 2009 00:06 The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman told the Financial Times Read more » US automakers to seek $21.6bn in funds Feb 18 2009 04:02 General Motors and Chrysler present long-awaited plans to return to viability, but said they would need up to $21.6bn more in federal funds between them to carry them out Read more » Winkelried retires from Goldman Sachs Feb 18 2009 02:11 The voluntary retirement of Goldman Sachs co-chief operating officer Jon Winkelried leaves Gary Cohn, who is in charge of cost-cutting efforts, as the sole COO and president Read more » Financial Times - Europe homepage Eastern Europe triggers rush for safety Feb 17 2009 21:58 Rating agencies warn about possible downgrades of western institutions with exposure to former Soviet bloc Read more » SEC charges Stanford with fraud Feb 17 2009 21:42 The US Securities and Exchange Commission has accused Sir Allen Stanford, the billionaire Texan businessmen, of a 'massive' fraud through his Antigua-based offshore bank Read more » Greenspan backs bank nationalisation Feb 18 2009 00:06 The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman told the Financial Times Read more » Financial Times - Asia homepage Obama beefs up troops in Afghanistan Feb 18 2009 01:00 In his first big military decision as commander-in-chief, the US president approves the deployment of 17,000 new troops to fight a resurgent insurgency by Taliban and al-Qaeda militants Read more » US automakers to seek $21.6bn in funds Feb 18 2009 04:02 General Motors and Chrysler present long-awaited plans to return to viability, but said they would need up to $21.6bn more in federal funds between them to carry them out Read more » Greenspan backs bank nationalisation Feb 18 2009 00:06 The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman told the Financial Times Read more » FT.com - World China urges west to establish 'bad banks' Feb 17 2009 19:15 The US and Europe should follow China's example and establish 'bad banks' to manage toxic assets if they want to resolve the financial crisis, according to the head of China's largest bad bank Read more » Japan finance minister forced out Feb 17 2009 19:15 Shoichi Nakagawa resigned amid harsh criticism of his erratic performance at a weekend meeting of the Group of Seven – a heavy blow to his already beleaguered government Read more » UK inflation more entrenched than expected Feb 17 2009 20:09 Inflation is more entrenched than many economists had imagined, easing only marginally in January as the weaker pound pushed up the price of imports and offset much of the benefit of lower fuel and housing costs Read more » Musharraf warns against weaker army Feb 17 2009 17:18 Pakistan's former president has said that any attempt to weaken the country's army and intelligence services would lead to defeat at the hands of militants Read more » Currency dispute exposes Moscow rift Feb 17 2009 18:33 A senior Russian official has ­called for the immediate imposition of exchange controls to ensure the foreign currency spent supporting the rouble is not taken out of the country Read more » FT.com - Companies SEC charges Stanford with fraud Feb 17 2009 21:42 The US Securities and Exchange Commission has accused Sir Allen Stanford, the billionaire Texan businessmen, of a 'massive' fraud through his Antigua-based offshore bank Read more » Barclays shuts Equifirst US mortgage lender Feb 17 2009 23:48 Barclays Capital has put up the shutters on its US mortgage lending business because of "market conditions" less than two years after buying it Read more » Eastern Europe triggers rush for safety Feb 17 2009 21:58 Rating agencies warn about possible downgrades of western institutions with exposure to former Soviet bloc Read more » RBS to pay bonuses worth up to £950m Feb 17 2009 20:59 Cash bonuses paid to staff at Royal Bank of Scotland will be cut by 90% this year to £175m after ministers exercised their right of veto over payments to bank staff Read more » Chrysler will ask for additional $2bn in aid Feb 17 2009 23:51 Chrysler will ask the US government for another $2bn in aid to help it survive the slump in North American sales, bringing its total bail-out request to $9bn Read more » FT.com - Financial Markets News Overview: Equities battered by fresh recession fears Feb 17 2009 22:40 Financial markets ran into stormy weather amid growing fears of a deepening global recession and fresh concerns about the outlook for the banking sector Read more » Moody's warns of eastern Europe risk Feb 17 2009 15:37 Shares in western European banks tumbled after Moody's, the credit ratings agency, warned of the threat to institutions with exposure to the region, such as Raiffeisen, Erste Bank and UniCredit Read more » Euro battered by chill winds from east Feb 17 2009 22:51 The euro dropped to a two-month low against the dollar on Tuesday on heightened concerns over eurozone banks' exposure to the worsening conditions in eastern Europe Read more » Asian interest and Russia plan bolster gold Feb 17 2009 23:00 Gold surged beyond the $970-an-ounce mark as other commodity prices tumbled with the Reuters-Jefferies CRB index sinking to a six-and-a-half year low, down 3.2 per cent on the day Read more » Banks drive Wall St to new low for year Feb 17 2009 21:41 Financial stocks were the hardest hit in a broad-based sell-off on Wall Street that pushed the market to its lowest level of the year Read more » FT.com - Comment and analysis Japan's lessons for a world of balance-sheet deflation Feb 17 2009 19:51 How far is that experience relevant to today? Japan was able to rely on exports to a buoyant world economy. This crisis is global: the bubbles and financial mania spread across much of the western world, writes Martin Wolf Read more » Financial turmoil evokes familiar scapegoats Feb 17 2009 19:34 If our economic woes are not reversed, old hatreds will be reformulated for the internet age to scapegoat Latinos for job losses, Jews for the financial meltdown, Arabs and Asians for currency manipulations, and the list goes on, warn Abraham Cooper and Harold Brackman Read more » Introduce professional standards for bankers Feb 17 2009 20:01 Doctors and lawyers have rigorous training and examinations. There is no such requirement for financial service employees, but there should be, writes John Kay Read more » This is not the time to attack China Feb 17 2009 19:57 The world must recognise that China can adjust, but not immediately. It will take several years and require big changes in its financial system and its development model, warns Michael Pettis Read more » FT.com - Business Life A soldier's fight for new funding Feb 17 2009 22:45 Ed Cross can rescue a Land Rover and get on with diverse people but risk-averse backers are a whole new challenge Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.