Banks
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Jamie Dimon, the last king of Wall Street

Jamie Dimon might as well be dead, such is the rush of eulogies from corporate titans. Warren Buffett, Jack Welch, Michael Bloomberg and Rupert Murdoch are among those to have praised America’s most famous banker, ahead of a contentious vote on whether he should remain chairman and chief executive of JPMorgan Chase. At 57, Mr [...]

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Financial
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New money put City’s reputation at risk

©John Wellings In early 2007, at the height of the debt boom, a group of powerful investors issued a stark private warning to the City’s regulator: the reputation of London’s prestigious stock market was under threat. FTSE indices of blue-chip shares were flooded with recent issues from companies controlled by a new breed of business [...]

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Financial
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Ambrosiadou wins battle over Ikos codes

©Bloomberg Elena Ambrosiadou: ‘Our investors will be very pleased with this result because it secures the future of their investment with Ikos’ Elena Ambrosiadou, one of Europe’s wealthiest women, has won a crucial legal battle against her estranged husband over control of the secret trading codes used by their multibillion-dollar hedge fund, Ikos Asset Management. [...]

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Economy
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Global economy lacking demand growth

©Getty Christine Lagarde, the IMF managing director, captured a sense of fragmentation last month when she spoke of a “three-speed” global economy. On this week’s evidence, however, there are even more speeds than that. Falling commodity prices and a rising dollar show the broad picture: the global outlook is weakening a little and becoming more [...]

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Property
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Build it yourself – the market moves on

©Charlie Bibby Self-build. The phrase conjures images of affluent older people with overambitious projects that drag on for months and go hopelessly over budget. While this is a stereotype inspired by the popular Channel 4 programme Grand Designs, presented by Kevin McCloud, it isn’t so far from the truth. The archetypal self-builder is able to [...]

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Categorized | Financial

Dimon testifies on JPMorgan losses


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