Those stalwart City institutions that we know and have come to love, The Financial Services Authority, Bank of England, the Treasury and others, are to be involved in a 'market-wide' exercise to test the durability of the 'financial system' in the event of a terrorist attack.
The exercise will take place on November 22nd, ominously the 41st anniversary of the assassination of US President John F. Kennedy.
36 year-old Eric Mindich is a former partner at Goldman Sachs. Like many successful bankers before him in the industry, he left to start up his own hedge fund. This one is called Eton Park Capital Management and, with an estimated $3.5bn of opening capital, the firm is thought to be the biggest hedge fund start-up to date.
US venture capital firms raised $5.54bn in the third quarter, a 78% increase on the quarter immediately before. Fears are now growing that venture capitalist firms (VCs) will once again rush to help finance business start ups, with disasterous consequences, just because the VCs have the money to hand.