JP Morgan

CONSUMER TRENDS

J.P. Morgan is preparing to launch a Global Emerging Markets Income investment trust at the end of July for CIO and head of emerging markets Richard Titherington.

The FTSE 100 opened higher in early trading by 20.32 points(0.39%) to 5231.50 as investors become more optimistic about prospects for a global recovery.

The FSA has levied its largest ever fine of £33.32m on J.P. Morgan Securities for client money breaches over a seven-year period.

Aberdeen is preparing to launch a closed-ended Latin American income fund for head of emerging market debt Brett Diment and head of global emerging markets Devan Kaloo.

Lehman Brothers is to sue JP Morgan Chase for billions of dollars of 'lost value'.

Britain and France are at odds with other European Union countries over plans to insure against future bank failures, in another sign of the problems in trying to forge a common response to the bloc's economic woes.

OPM Fund Management has seeded funds from JPM and Axa through its Balanced Managed and Fixed Interest fund of funds.

UBS's Tom Digenan has been increasing his exposure to banks despite his view that the sector will be hit by stricter regulation on capital requirements.

Friday's Fidelity FundsNetwork investment forum featured presentations from some of the biggest names in fund management. Here we bring you the best bits.