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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.



BP Sign

BP hires former MI6 boss John Sawers

BP has hired the former head of MI6 as it seeks to capitalise on his top-level diplomatic experience while dealing with some of the toughest political environments around the world.