Business Diary: The Richard and Judy of banking

We know the pressure is on banks to come up with less risky revenue streams, but JP Morgan Chase's move into the book club business is a little curious.

Yet there it is on the bank's home page: "The JP Morgan 2010 Summer Reading List", complete with a click-through to Barnes & Noble. Recommendations include Hank Paulson's tome about the financial crisis, On The Brink, which is rather close to home. And will Fine Wines: The Best Vintages Since 1900 include anything affordable for those of us who don't work on Wall Street? Still, proceeds go to charity, so let's not be mean.

BBC cans its own pension exposé

Members of the BBC pension scheme, facing management proposals for comprehensive cuts, were looking forward to a special in-house edition of Money Box, the popular Radio 4 programme, which was going to major on the reforms. But presenter Paul Lewis has told staff he has had to pull the programme because management has insisted on pre-approving it.

Free will, but not free speech

Pseud's corner award of the day goes to Bruce Packard, the banking analyst at Seymour Pierce, who yesterday passed on some thoughts to friends around the City. The note was entitled "Buridan's Ass" – a reference to the rather knotty philosophical paradox about free will. The effect was only marginally spoiled by a second round-robin from Packard entitled "Buridan's Donkey" – the first missive fell foul of people's obscenity email filters.

Putting passion back into retail

The most common phrase in the shop trade is "retail is detail", but not at the value chain Wilkinson. Its annual report suggests "passion equals profit" is more apt. "Passion is a way of life at Wilkinsons," the company explains, listing a string of things it is really passionate about. Like "passion for our biggest-ever 388-page Wilkinson Plus catalogue". The chain's top dog this year is Keith Rooms, from the Yeovil store, who won its "Be Passionate" award after 29 years with the company. Our passionate congratulations.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18000 per annum: Recruitment Genius: A position has arisen within th...

Ashdown Group: Development Manager - Rickmansworth - £55k +15% bonus

£50000 - £63000 per annum + excellent benefits : Ashdown Group: IT Manager / D...

Recruitment Genius: Security Officer

£16500 per annum: Recruitment Genius: Applicants must hold a valid SIA Door Su...

Ashdown Group: Business Analyst - City, London

£50000 per annum: Ashdown Group: Business Analyst - Financial Services - The C...

Day In a Page

The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

The saffron censorship that governs India

Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
Prince Charles' 'black spider' letters to be published 'within weeks'

Prince Charles' 'black spider' letters to be published 'within weeks'

Supreme Court rules Dominic Grieve's ministerial veto was invalid
Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

How did fandom get so dark?

Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
The galaxy collisions that shed light on unseen parallel Universe

The cosmic collisions that have shed light on unseen parallel Universe

Dark matter study gives scientists insight into mystery of space
The Swedes are adding a gender-neutral pronoun to their dictionary

Swedes introduce gender-neutral pronoun

Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

Paul Scholes column

Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

The greenhouses where Monsanto 'plays God' with the future of the planet
Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

Cowslips vs honeysuckle

It's the hunt for UK’s favourite wildflower
Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss