WireTap 1400 05/04/12
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WireTap 1400 05/04/12

A round-up of the key stories across the specialist financial media, including that JP Morgan CEO Jamie Dimon has used his annual letter to shareholders to condemn financial regulations that he says may harm lending.

Dimon letter derides contrived, confusing financial rules

Jamie Dimon, chairman and chief executive officer of JPMorgan used his annual letter to shareholders to rail against confusing financial rules that he said may stymie lending.

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Spanish yields rise to multi-month highs

Spanish bond yields hit the highest levels since the European Central Bank first launched emergency three-year loans to save the eurozone’s financial system from a credit crunch.

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Euro breaches Swiss franc floor

The euro fell sharply against the Swiss franc on Thursday morning to breach the floor established by the Swiss National Bank in September for the first time.

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Food inflation back on agenda as prices rise

Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organization said on Thursday, putting food inflation firmly back on the economic agenda.

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BoE holds steady course as UK stumbles towards growth

The Bank of England held back from giving Britain's fragile recovery an extra boost on Thursday, as the economy appears to have avoided falling into recession despite a shock drop in manufacturing output in the first months of 2012.

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