Big UK investors baulk at FSA bank oversight

Major UK institutional investors boadly welcomed David Walker's report on improving corporate governance in banks, but baulked at the idea of the financial regulator monitoring fund managers' compliance on engagment. In a

JPMorgan profit jumps

JPMorgan Chase & Co (JPM.N) posted a higher quarterly profit on Thursday, topping Wall Street estimates, as strength in its core consumer and investment banking businesses offset a jump in credit losses.