Tag Archives: economy

Are there Good Samaritans on Wall Street if you can be taken for 9 Billion

Posted on July 5, 2012 by lawrence serewicz

When JP Morgan lost 9 billion dollars on a derivatives trade, many people saw it as the market functioning properly.  What made the story interesting is the scale of the losses, 9 billion dollars at last estimate.  Yet, the story … Continue reading →

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The Bureaucrat and the Banker: Bob Diamond’s downfall

Posted on July 4, 2012 by lawrence serewicz

Bob Diamond is a shrewd, powerful, deal maker who does not understand bureaucratic politics. On Wall Street, or in the City, your word is your bond. If you cannot keep your word, you cannot do business. Lehman Brothers collapsed in … Continue reading →

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Three reasons why Bob Diamond will stay and lessons in crisis management

Posted on June 30, 2012 by lawrence serewicz

This blog post has been overtaken by events. Bob Diamond resigned on 3 July 2012. It is unlikely that the LIBOR scandal as described in the FSA report is going to be enough to remove Bob Diamond from Barclays. There … Continue reading →

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