J.P. Morgan executives tried to conceal data from US regulators that revealed just how large its ‘London Whale' trading losses were, according to the US Senate.
Schroders has widened the scope of three of its leading bond funds to allow the managers to use derivatives more widely within their portfolios.
Bankers have told Chancellor George Osborne any move by the government to protect savers in the event of a bank collapse would force them to increase borrowing costs.
JP Morgan Chase has sold an estimated $25bn of profitable securities in an effort to boost earnings and recoup some of the $2bn it suffered in trading losses earlier this month.
Shares in JPMorgan Chase slid even further today with a 8.5% drop in early trading on Wall Street, following a surprise $2bn derivatives trading loss.
Shares in JPMorgan Chase fell almost 7% in after hours trading on Wall Street on Thursday after it revealed a surprise $2bn derivatives trading loss by a London trader.
Kames Capital's David Roberts has added "disaster insurance" to the £510m Strategic Bond fund on doubts the markets will be able to function smoothly over the summer.
Barclays has launched an investment strategy to give investors exposure to the Vix volatility index.
A Goldman Sachs executive has quit after criticising the "toxic" and "destructive" culture at the investment bank.
Eclectica's hedge fund star Hugh Hendry has been using put options on the so-called 'fear index' to play market volatility.