JP Morgan reported US$2billion trading loss when its trader Bruno Iksil’s (nicknamed London Whale for his big ticket trades) shorting of credit derivatives (synthetic credit default swaps) reversed as the Euro zone problems resurfaced last month. Looking at it from the other side, JP Morgan’s loss made some other aggressive risk taking traders (read ‘Whales’)
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Firms will have to adapt to the changing environmental realities and adjust their business models to sustain in the long run. Politics affects business in very real ways, and this is becoming increasingly apparent in India. In recent weeks, corporations have been screaming hoarse about the impact of poor governance on business. In India governance is related inextricably to politics. Some headlines in the last week alone… Telenor writes off Rs 3,500 crore India assets …saying |
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