Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. La lutte continue. Forget the short-lived buzz of $300bn in TARP stimulus, pain for the banks is far from over.

TARP, the Troubled Asset Relief Program, is a year old now. On Sept. 19, 2008, former Treasury Secretary Henry Paulson announced the need for a $700 billion program to purchase toxic assets held by ...