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.
Here's the written testimony of Jamie Dimon before the U.S. Senate Committee on Banking, Housing and Urban Affairs Washington, D.C. on Wednesday.
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.
Lazard has announced that it has elected Richard Parsons to the firm’s Board of Directors, effective immediately.
Few large eurozone banks would be left standing and the banking sector could face a €370bn (£298bn) lossif the euro crisis results in the single currency bloc breaking apart, according to one of the first indepth analyses of what might happen if the eurozone disintegrates.
In this environment, costs are King.
The truth is sometimes stranger than fiction.
Columbia University is facing accusations of a conflict of interest relating to the role of its president in cheerleading for the boss of JP Morgan Chase, one of Columbia's most generous financial backers.
Thomson Reuters has announced the 2012 Extel Survey results.
A deal worth at least £10m between banking giant Goldman Sachs and the head of HM Revenue and Customs is set to be challenged in the high court on Wednesday by tax-avoidance campaign group, UK Uncut Legal Action.