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70% of Investment Bank Staff Admit City is Unprepared for the Olympics

City of London at Night

A recent survey conducted at TradeTech London by IPC Systems, Inc, a leading provider of voice and electronic trading communications solutions to the world’s top financial services firms, has revealed that nearly 70% of investment bank staff think that the City is lagging behind in preparation for the Games with nearly half of respondents unsure whether their company has a Business Continuity Plan (BCP) in place.

Jamie Dimon Blames JPMorgan Losses On Top Executives

Super Dimon

JP Morgan boss Jamie Dimon blamed the bank's $2bn-plus trading losses on 'poorly conceived' strategies of senior executives who failed to keep him informed, as he escaped largely unscathed Wednesday from a Senate banking committee hearing set up to investigate the affair.