JP Morgan loss ‘flags up’ transatlantic trade risks
By Richard Blackden, US business editor, telegraph.co.ukThe $2bn trading loss at JP Morgan shows that “London risk can come back and hurt” the financial system across the Atlantic, a leading US regulator has warned.
Gary Gensler, the head of the Commodities Futures Trading Commission (CFTC), tol…
Marks & Spencer chief executive Marc Bolland in danger of having his glass half-empty
By Harry Wallop, Retail editor, telegraph.co.ukMarc Bolland, the chief executive of Marks & Spencer, said: “I’m a glass half-full man.”
He certainly is. Who else, when confronted with a 16pc fall in pre-tax profits could blame a bit of local difficulty in Greece, the Czech Republic,…
Low staff levels could make ESM ineffective, warns consultants A.T. Kearney
Reuters, telegraph.co.ukAn external consulting firm charged with evaluating the structure of Europe’s new permanent rescue facility has raised questions about whether it will have enough staff to function effectively, according to documents seen by Reuters.
In a May 12…