So the Greeks have spent the last few days trying to form a big gang. Members from various little gangs try to find common ground, whilst ignoring the flashing of switchblades as they jockey for advantageous position as head honcho. Eventually the president banged heads together, which just resulted in sore heads rather than anything useful.
Radical leftist Alexis Tsipras meets the leaders of Greece's mainstream parties on Wednesday to try to form a coalition government, an effort seen as doomed after he demanded they first agree to tear up the country's EU/IMF bailout deal.An inconclusive election on Sunday has left Athens in political disarray, with no clear path to form a government.
Top executives at JPMorgan Chase are expected to resign this week following $2bn (£1.2bn) of losses at the bank's London trading desk, reports suggest. They include chief investment officer Ina Drew, the New York Times said. Two other high-ranking executives are also set to leave, according to US media. On Sunday, JPMorgan boss Jamie Dimon said he was "dead wrong" to dismiss concerns about trading at the bank.
Controversial money lending service Wonga has ignited a political row by offering business loans at annual interest rates of up to 180pc. Chuka Umunna, the shadow Business Secretary, told The Daily Telegraph Wonga's move was "a damning indictment" of the British banking system and the failures of the coalition Government to get cash to successful firms. "Look at the rates of interest Wonga is charging. This is not cheap money," he said.
