Enron fallout: why insurers fail banks
JP Morgan Chase thought it had its Enron risks insured. Now it is fighting a legal battle to reclaim the money. The case raises wider questions about the effectiveness of credit insurance and the much-heralded convergence between banking and insurance. Nick Kochan reports.
Innovation vs safety
Melvyn Westlake reports on how the bank capital market is facing an uncertain future due to an anticipated slowdown and continuing debate among regulators, accountants and rating agencies.
The Enron debacle promises to get dirty as proceedings go to court, and China's banking is assessed
The fallout from the Enron fiasco is far reaching. At a time when banking and insurance are seen to be converging, the viability of credit insurance is being called into question, leaving JP Morgan Chase and the cream of US insurers to slug it out in court.
