Economics

Insight's head of currency Dale Thomas is set to exit after nearly 17 years with the firm, Investment Week can reveal.

Several high profile executives at JP Morgan Chase are set to resign today following $2bn (£1.2bn) of losses at the bank's trading desk last week, according to reports.

Simon Borrows is set to be unveiled as the new chief executive of the UK's largest private equity firm, 3i, according to reports.

As J.P.Morgan shares plunge following one of its largest ever trading losses, we list ten of the greatest losses ever suffered in the financial sector.

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.

QUANTITATIVE EASING

UK banking shares dragged the FTSE 100 lower this morning as sentiment struggled following J.P. Morgan's revelation that it lost $2bn in a trade which went awry.

SATIRICAL VIEW

SWIP has joined the growing number of asset managers offering RDR-ready share classes by launching a lower-cost share class for its £38m Diversified Assets fund.

Neil Woodford's heavy overweight pharmaceutical position on the Invesco Perpetual Income fund dragged the portfolio into the bottom quartile during the first three months of the year.