Round 2… Fight! Trump hits back at JP Morgan boss Dimon September 13, 2018 US President Donald Trump hit back today at JP Morgan boss Jamie Dimon who yesterday said he could beat Trump in a presidential race. Trump tweeted: https://twitter.com/realDonaldTrump/status/1040198906842427392 Dimon, a donor to the Democratic Party, yesterday said he could beat Trump because “I'm as tough as he is, I'm smarter than he is”. Dimon said he [...]
Round 2… Fight! Trump hits back at JP Morgan boss Dimon September 13, 2018 US President Donald Trump hit back today at JP Morgan boss Jamie Dimon who yesterday said he could beat Trump in a presidential race. Trump tweeted: https://twitter.com/realDonaldTrump/status/1040198906842427392 Dimon, a donor to the Democratic Party, yesterday said he could beat Trump because “I'm as tough as he is, I'm smarter than he is”. Dimon said he [...]
Former Barclays boss Bob Diamond claims banks are too risk-averse since financial crash September 13, 2018 The former boss of Barclays, Bob Diamond, has said that banks are too risk averse in today's post-financial crash environment. Diamond, who was once described as the "unacceptable face of banking" by Labour minister Peter Mandelson, took a different tone ahead of the 10-year anniversary of the Lehmans Brothers collapse on Saturday. "The culture of banking [...]
Former Barclays boss Bob Diamond claims banks are too risk-averse since financial crash September 13, 2018 The former boss of Barclays, Bob Diamond, has said that banks are too risk averse in today's post-financial crash environment. Diamond, who was once described as the "unacceptable face of banking" by Labour minister Peter Mandelson, took a different tone ahead of the 10-year anniversary of the Lehmans Brothers collapse on Saturday. "The culture of banking [...]
No-deal Brexit risks UK recession and credit rating cuts says Moody’s September 13, 2018 A no-deal Brexit would risk a recession in the British economy and endanger the credit ratings of a host of companies, an influential rating agency said today. Moody's Investor Service said the risk of negotiations between the UK and the EU breaking down had “risen materially” in recent months, in an update to the market. [...]
No-deal Brexit risks UK recession and credit rating cuts says Moody’s September 13, 2018 A no-deal Brexit would risk a recession in the British economy and endanger the credit ratings of a host of companies, an influential rating agency said today. Moody's Investor Service said the risk of negotiations between the UK and the EU breaking down had “risen materially” in recent months, in an update to the market. [...]
Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]
Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]
Boss of private bank Coutts says impact of Brexit negligible September 12, 2018 The chief executive of private bank Coutts said today that Brexit would have little impact on the bank or its customers. Coutts boss Peter Flavel said “the impact on us as a business [of Brexit] is not great,” in an interview on Bloomberg TV. He said the majority of the bank’s wealthy clients were UK-based, with [...]
Boss of private bank Coutts says impact of Brexit negligible September 12, 2018 The chief executive of private bank Coutts said today that Brexit would have little impact on the bank or its customers. Coutts boss Peter Flavel said “the impact on us as a business [of Brexit] is not great,” in an interview on Bloomberg TV. He said the majority of the bank’s wealthy clients were UK-based, with [...]