Analysis: Former England football manager Graham Taylor said leading the national side was "an impossible job". Since UBS boss Oswald Grübel has resigned, one could describe running the bank in the same way... more
The Government offered to emasculate the Independent Commission on Banking as it tried to strike a deal on bank bonuses a few weeks ago. I am told it backed off only when Sir John Vickers, chairman of the inquiry, and his entire committee, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf threatened to resig... more
Anxious times at JPMorgan's London offices. While their US boss Jamie Dimon has been hailed for his deft handling of the crunch and his firm not once posting a quarterly loss (unlike virtually every other big bank), the City HQ of JPMorgan has been in almost permanent upheaval for the last 12 months... more
Former colleagues of Bill Winters, the London-based head of investment banking at JPMorgan Chase who was ousted last week, today told how he shunned risky and complex investments that crippled the financial markets because they did not make sense ... more
JPMorgan has started an internal hunt for a new head of its European operations after the departure of its London-based co-head of investment banking Bill Winters ... more
“There is not a clear message regarding future wholesale costs movements that can be communicated to customers” E.On’s Paul Golby obliquely commented recently, on the chances of a cut in retail prices for Britain’s households...... more
What a strange contradiction Tory MEP Struan Stevenson is. On the one hand he has visited Kazakhstan on no fewer than 10 separate occasions to investigate the effects of Soviet-era nuclear explosions on the inhabitants there... ... more
One of the most senior investment bankers in London has weighed in on the controversy over pay in the industry, attacking City and Wall Street employees as “greedy” and “inept”... more
As the world's statesmen gather in London to discuss whether to take military action in Somalia, the man plucked from Camden to be mayor of its capital tells us what he hopes the talks will achieve
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