Top Firm Boss Issues Risk Warning

Reuters reports that JPMorgan Chase's investment banking boss, Jes Staley, told reporters last week that 'client activity has reduced. Clients are taking risk off'.

'People are a little more wary,' Staley continued, 'and that may have an impact on Q2, but I think its way too early to tell right now'.

In the meantime, The Financial Times reports that Sally Dewar has resigned from her position as Head of Risk over at UK securities regulator The Financial Services Authority (FSA). Some think that she couldn't take the risk that the FSA may be dismantled by the recently elected UK Lib Dem / Tory Government.

Finally, many were wondering just how much would be risked on this year's charitable lunch with Warren Buffett. Despite a slow start to the proceedings last week, however, the winning bid in the eBay auction for the pleasure of some time in the Sage's company came in at a record $2.63m. The successful bidder wishes to remain anonymous.

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