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THE days of William Harrison as chief executive of JP Morgan Chase are numbered unless he can...

THE days of William Harrison as chief executive of JP Morgan Chase are numbered unless he can rapidly stabilise its financial performance and prove to increasingly sceptical investors that the merger which created it was worthwhile.

The besieged bank, wracked by bad loans and massive capital-venture losses in addition to the dearth of lucrative investment banking work, seems to have been unable to put a foot right since the announcement of its $30bn union.

It has also been tainted by its close relationship to Enron, where it still has nearly $1bn in exposure

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