In other news...7 Mar 2020 11:49
https://www.fnlondon.com/articles/fn-weekend-the-very-best-of-financial-news-98-20200306
Metro Goldman Error Curious happenings on the share-register of Metro Bank this week, when Goldman Sachs appeared to take an 8.5% stake in the troubled high-street challenger. And then, a day later, it transpired that it had not. A reporting error led to a client trade being reported as a direct holding, it seems. Still, one investor who is upping his Metro stake is the Colombian billionaire Jaime Gilinski Bacal; a vote of confidence that may be welcome to new CEO Dan Frumkin, whose task is to return the bank to profit following losses of £130m last year.
Get well soon JPMorgan’s disclosure on Thursday that CEO Jamie Dimon is recuperating from emergency heart surgery marks the second health scare for Wall Street’s longest-serving chief in six years. We wish him a speedy recovery, and the good news is that it was caught early, according to the bank. In the interim, JPMorgan is being overseen by consumer banking head Gordon Smith and investment banking chief Daniel Pinto, whom FN’s Paul Clarke profiled in January.