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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

July 2007

FX round up: Lichten leaves JPM

by Lee Oliver and Chloe Hayward




Rob Lichten has left his role as global head of FX sales and trading at JPMorgan to take what the bank described as a long sabbatical. His decision came after the bank decided to merge its G10 FX and rates businesses and combine all its emerging markets into its wider EM platform. The bank later announced that Chris Willcox and Matt Zames would co-head global rates and currency trading, excluding Asia ex-Japan.







We are much closer to the bottom than par, but this market could still go down 2% in a week simply on unknown news

John Redding of Eaton Vance outlines just how jittery the loan market has become

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