The all-powerful chairman and chief executive of JPMorgan, weakened by gigantic trading losses on his watch, faces calls to split his roles

i Newspaper
 
TheIPaper
The Independent around the web
E-break Time
Independent Crossword

Stephen Foley: Wall Street firms are leading the way when it comes to workplace diversity

US Outlook: 'I'm Lloyd Blankfein, chairman and CEO of Goldman Sachs, and I support marriage equality.'

Goldman Sachs chief executive handed $7m stock bonus

Goldman Sachs handed its chief executive, Lloyd Blankfein, a bonus of $7m (£4,4m) in shares for his work last year, down from $12.6m in 2010 in line with the investment bank’s slipping profits.

Jennifer Lawrence as Katniss Everdeen

The Hunger Games: The new teen franchise with Twilight in its sights

The trailer concludes with the ominous tagline: "The world will be watching." Get ready for The Hunger Games, the new Hollywood blockbuster franchise which promises to trounce Twilight and replace Harry Potter in the box-office charts. Anticipation is mounting among millions of teenage fans ahead of the 23 March opening of the film, based on Suzanne Collins's bestselling novels. The trilogy, which has sold 30 million copies, is set in a post-apocalyptic world where children are chosen by the government to fight each other to the death in gladiatorial battles.

Outlook: Government should raise a glass to this man

Tim Martin has been predicting the demise of the euro, sometimes with a reference to the pharaoh Tutankhamun (they are equally dead), since the day it was invented. Can't work, he kept saying. Won't work. Shouldn't work. The JD Wetherspoon chairman is now closer to being proved right, which might be cause for a celebratory pint down the local. His own business continues to do remarkably well. Yesterday he reported rising sales over Christmas, but took little credit. They're only up because we're comparing the sales with a period of bad weather a year ago, he said.

Simon English: It won't happen, but Cameron would benefit from sharing a tipple with Martin

Outlook: Tim Martin has been predicting the demise of the euro, sometimes with a reference to Tutankhamun (they are equally dead), since the day it was invented. Can't work, he kept saying. Won't work. Shouldn't work.

Bad news for bonuses as Citigroup crashes into the red

A wipeout in its equity derivatives business helped push Citigroup's investment bank into the red, presaging grim news for staff awaiting their bonuses.

JP Morgan staff bill up to £18.9bn

US bank JP Morgan Chase today revealed a higher bill for staff pay and bonuses in 2011 of 29 billion US dollars (£18.9 billion) despite a turbulent finish to the year.

New regulation 'will hinder lending'

Delays and uncertainty over new financial regulations risk upending long-term investments such as new mining projects or international trade, the head of Barclays' investment bank has warned.

Europe set to block New York Stock exchange merger

The odds of a merger between the stock exchanges of New York and Europe dramatically lengthened last night after it emerged the European Commission competition regulator has recommended blocking the deal.

US banks set to slash bonuses

The US bank results season, which kicks off with JP Morgan Chase's full-year figures on Friday, could see bonuses slashed by up to a quarter after poor trading late last year.

Stock markets mixed ahead of Greece talks

World stock markets were mixed today, as encouraging signs about the US economy were tempered by investors' fears that time was running out for Greece to fix its debt crisis.

Protesters in Wall Street: Financiers have cut jobs, but not because of their unpopularity among ordinary Americans

Finance, not protest is taming the banks

So did the Occupy Wall Street movement have any effect? No, says Stephen Foley

World markets hit by US and Japan economic news

World stock markets fell today, with trading thinned by year-end holidays and mixed economic news out of the US and Japan.

Rolet tries again with bid for LCH.Clearnet stake

Xavier Rolet, the chief executive of the London Stock Exchange, is staking much of his credibility on an approach for a majority stake in LCH.Clearnet.

Career Services

Day In a Page

Independent Travel Shop See all offers »
India and Shimla
14 nights from only £1899pp Find out more
Prague city break
Three nights from £199pp Find out more
4* Soreda hotel break, Malta
Seven nights all-inclusive from £399pp Find out more
California and the golden west
14 nights from £1,499pp Find out more
Venice city break
Two nights from only £199pp - third night free on selected dates Find out more
Blu St Lucia, St Lucia, Caribbean
Up to 42% off
OFFER ENDS 26 MAY Find out more
Hotel Savoy, Rome, Italy
Up to 61% off
OFFER ENDS 26 MAY Find out more
Spa day at Nutfield Priory Hotel, Redhill, Surrey
Up to 30% off
OFFER ENDS 26 MAY Find out more
National archives: Edward VIII’s phone calls - and how MI5 bugged them

Edward VIII’s phone calls - and how MI5 bugged them

Newly unearthed papers reveal a shocking extra dimension to the constitutional crisis over monarch’s abdication
Sent down at the Old Bailey: A tour of the world's most famous court

Sent down at the Old Bailey

A tour of the world's most famous court
Hollywood's random acts of red-carpet kindness

Hollywood's random acts of red-carpet kindness

The Hangover actor Zach Galifianakis’s date for his movie premieres isn’t arm candy  – it’s his 87-year-old friend who he saved from homelessness
British football scores an own goal

British football scores an own goal

Many managers barely survive a year in post. Martin Baker talks to experts who make a case for clubs using forensic business skills to find the best staff
James Lawton: Sergio Garcia cracks as major fault line opens up again

James Lawton

Sergio Garcia cracks as major fault line opens up again
Dylan Hartley: Northampton have spent the season proving all our critics wrong

Dylan Hartley talks tough

Northampton have spent the season proving all our critics wrong
Watch out Watford: Here comes the secretive Bilderberg Group

Watch out Watford: Here comes the secretive Bilderberg Group

A meeting of global power brokers in a Hertfordshire hotel is exciting conspiracy theorists, but what are they really about?
'The ultimate all-in-one home entertainment system': Microsoft finally unveils its Xbox ONE console

'The ultimate all-in-one home entertainment system'

Microsoft finally unveils its Xbox ONE console
Plenty of Fish dating site founder pulls 'Intimate Encounters' option to ward off sleazy men

Plenty of sleaze

Dating website pulls intimate 'hook-up' section to curb harassment
Inferno author Dan Brown 'honoured' to be invited to join the Freemasons

The Freemasons’ Code

Dan Brown reveals the message that told him door to the lodge is open
Not secure any more: G4S boss heads for exit at last

Not secure any more: G4S boss heads for exit at last

Nick Buckles survived the Olympics débâcle and a £5bn bid fiasco but a profit warning finally triggered his downfall
How to say ‘I’m a sellout’: Tumblr’s David Karp’s message of reassurance to his staff sounded very familiar

How to say ‘I’m a sellout’

Tumblr’s David Karp’s message of reassurance to his staff sounded very familiar
Why clubs are keen to take a stand

Why clubs are keen to take a stand

There's a real desire around the grounds for safe standing. But will the authorities listen?
In the end the fans decided Tony Pulis had made a pig's ear of the job at Stoke City

In the end the fans decided Tony Pulis had made a pig's ear of the job at Stoke City

Disillusion with a siege mentality and negative playing style made change inevitable
James Lawton: The James Hunt I knew is the subject of a new F1 movie

James Lawton: The James Hunt I knew is the subject of a new F1 movie

British driver was fascinating man whose epic duel with Niki Lauda in 1976 was typical of an era of glamour and glory – but also the ever-present threat of death