During the financial crisis, JP Morgan Chairman and CEO Jamie Dimon was the golden boy of Wall Street.
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
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.
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
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/
The third quarter looks like it'll be the worst for mergers and acquisitions since the financial crisis.
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
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
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.
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.