Posts Tagged ‘crisis’

JP Morgan Shareholders Might Fire Jamie Dimon From One Of His Jobs

During the financial crisis, JP Morgan Chairman and CEO Jamie Dimon was the golden boy of Wall Street.

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Cyprus response muted

Marc Chandler, BBH chief foreign exchange strategist, speaks with John Authers of the Financial Times about what the global financial system looks like a week into the crisis in Cyprus. For more video content from the Financial Times, visit http://www.FT.com/video

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Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses

Cyprus and the EU reached a new late-night bailout deal last night that will reduce the chance that Cyprus's financial system and economy will completely implode.

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FT Authers’ Note: ‘Naked’ CDS ban

From tomorrow the EU has effectively outlawed any investor buying credit default swaps on the government debt of a member state unless it is to hedge an underlying position. Tim Gately, head of European credit trading at Citigroup, discusses with capital markets correspondent Robin Wigglesworth the implications of this for the bond markets

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New capital requirements hit LSE

New rules requiring higher capital requirements for clearing houses hit shares in the London Stock Exchange on Friday. Lex's Julia Grindell and Nikki Tait discuss why this is short-term pain for the exchange for a longer-term gain. Related article: http://www.ft.com/cms/s/0/373c2b66-0940-11e2-a5a9-00144feabdc0.html For more commentary from the Lex team, visit http://www.ft.com/lex http://www.FT.com/

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Little M&A – better for shareholders

The third quarter looks like it'll be the worst for mergers and acquisitions since the financial crisis.

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Investment banks’ response to changed markets

Bank strategies appear to fall into two camps: those that see the change as merely cyclical, and those that see it as more structural. Lex's Richard Stovin-Bradford outlines two examples from either side, Deutsche Bank and Nomura, to Oliver Ralph

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London prime property

With one house in central London on sale for £300m, London prime property appears to be a bubble fit to burst. This is also socially divisive as house prices in much of the rest of London are falling

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Olli Rehn and Martin Wolf on euro rules

EU Commissioner for economics and monetary affairs, Olli Rehn, tells the FT's Martin Wolf that conditionality alongside the ECB's bond buying programme will underpin euro endurance.

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Embattled UK Manufacturing Sector Contracts for Fourth Month: PMI

UK manfuacturing PMI rose sharply in August, though is still in contraction (Reuters) Britain's manufacturing sector contracted for its fourth consecutive month in August, according to a purchasing managers index (PMI) survey, though the rate of decline eased sharply to a near-neutral figure. Weak new order demand continues to hamper UK manufacturers, as growth in emerging economies slows, the eurozone crisis rumbles on, and a domestic recession continues to bite, but rising employment, lower input costs, and higher margins are all willing the sector back to expansion.

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