THE DAILY BRIEFING

■ FED CHIEF Former Goldman Sachs banker Gary Cohn, who is leading the hunt for the next US Federal Reserve chairman, could be about to recommend himself for the role.

Sources in the White House and US Treasury said the director of the National Economic Council would get the job ‘if he wants it’.

■ CHIEFS QUIT The chief executive and finance director of DX Group have quit the troubled parcels firm just a week after the police dropped a probe into the company following an unspecified allegation. Chief executive Petar Cvetkovic and finance director Daljit Basi leave the firm as part of company-wide strategic review.

■ FLIGHT FEARS Airline Norwegian, which is promising to launch budget transatlantic flights, has hit turbulence after yesterday posting a £92m loss.

■ TOY RIGHTS Toymaker Character Group has had its licence renewed to sell toys related to preschoolers’ TV favourite Teletubbies until 2020.

■ BOARD ROLE Spread-betting firm CMC Markets has appointed finance veteran Sarah Ing to its board as a non-executive director.

■ EARNINGS RISE Wall Street bank JP Morgan Chase has announced a 13pc rise in secondquarter profits to $7bn (£5.4bn).

■ PROFITS UP US bank Citigroup saw profits and earnings grow in the second quarter of the year. Revenues hit $17.9bn (£14.7bn), up 2pc on the previous quarter.

■ LOAN WOE New car loans fell 45pc at US lender Wells Fargo because of tough new rules. However, profits rose for the first time in almost two years.

PARCEL PAIN Analysts at Liberum have predicted that Royal Mail is on course to lose more of the parcels market.