The wise would do well to ignore online warriors trying to stir up a global banking crisis – but this seems a good time for ‘market stress protocols’ and tin hats.
George Gatch, chief executive of JPMorgan Asset Management, offered a bracing assessment last Tuesday of his approach to global markets.
Investors were reeling from the previous weekend’s emergency rescue of Credit Suisse. The bank’s shotgun wedding with historic arch rival UBS had been announced on Swiss television on Sunday evening (Monday AEDT) with all the joy and fanfare of a wake.
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Financial Times
Katie Martin is the Financial Times' capital markets editor.
