Links 11 September 2013

Global Macro / Markets:

• It’s the biggest shake-up of the Dow Industrials in nearly a decade: Alcoa, HP, BofA shown the door – Wall Street Journal
• ECB: The global monetary policy stance: what are the risks? – European Union

North America:

• Banks Seen at Risk Five Years After Lehman Collapse – Bloomberg
• The Financial Crisis Five Years Later — How It Changed Us – pbs.org
• Costs of the 2007–09 Financial Crisis and Its Aftermath: At least a year’s output – Dallas Fed
• BofA Cuts Jobs as Mortgage Slump Ensnares JPMorgan, Wells Fargo – Bloomberg
• Ex-Wall Street chieftains living large in post-meltdown world – publicintegrity.org

Europe:

• British austerity was even worse than you thought – Washington Post
• Greece on course for 2013 surplus after hitting Jan-Aug target, says minister – ekathimerini.com
• Dispute with ECB: European Parliament Delays Banking Union Vote – Der Spiegel
• Europe financial transaction tax hits high wall – Financial Times
• EU lawyers say transaction tax plan is illegal – Reuters
• Spain – The Recession May Be Ending But The Crisis Continues – fistfulofeuros.net

Asia:

• Shipping Rates Seen at 2010 High on Record Ore to China: Freight – Bloomberg
• China Backs Russian Plan for Syrian Chemical Arsenal – New York Times

Local:

• Coles push into banking an uphill battle – The AFR
• Telstra trials super fast mobile broadband – The AFR
• Glencore shelves $7 billion Wandoan coal terminal – The AFR ; The Age
• Monique Sasson Wakelin goes to war against BIS Shrapnel to spruik Melbourne’s “strong” property fundamentals – The AFR
• How refugees changed our economy – The Age
• Banks warned over lending standards – The Age ; The Australian
• Bleak future for funds – The Age
• Coalition tax axe to climate policies – The Australian
• Housing key to retail recovery – The Australian