Tag Archives: JP Morgan
Proprietary trading is dead. Long live proprietary trading?
Whatever else you might say about investment banks, please don’t mention the “p” word. Not “p” for pay, but “p” for proprietary trading. My latest column for Financial News. As the debate over the future of the “p” word rumbles … Continue reading
Is Goldman Sachs broken (in one simple chart)?
If you thought the bad second quarter results from Goldman Sachs were a temporary blip, think again. This chart casts doubt on the bank’s longer-term prospects… However hard you try to paint a flattering picture of Goldman Sachs’ second quarter … Continue reading
JP Morgan sets an ominous tone for Wall St
The mixed performance in the second quarter of JP Morgan’s investment bank – which may not be quite as profitable as it looks – signals grim reading next week for its main US rivals. Strip away the noise around the … Continue reading
Banks in the line of fire over bonuses
The latest proposals from the European Parliament to cap bankers’ bonuses at one times salary would wreak havoc at banks in Europe. Here are the banks most affected – and what they might do about it. ‘Oh Christ!’, was the … Continue reading
Jamie Dimon’s testimony to US Senate Committee
Here is the full text of Jamie Dimon’s testimony to the US senate committee on banking, housing and urban affairs, ahead of what is likely to be a bruising hearing today at which he will be grilled about the $2bn … Continue reading
The resurrection of Morgan Stanley?
In a buoyant first quarter Morgan Stanley’s institutional securities division posted the best performance of the big US investment banks Welcome back, Morgan Stanley. In a buoyant first quarter for US investment banks, perhaps the biggest surprise, along with the … Continue reading
Has Citi’s investment bank turned the corner?
One good quarter does not a recovery make, but there are signs that Citi’s securities and banking division is on the mend. Not least, things have stopped getting worse. It has not been often in the past few years that … Continue reading
JP Morgan throws down the gauntlet to the rest of Wall St
Crisis? What crisis? JP Morgan shrugs off concerns over the future of investment banking and raises the bar for its rivals You might wonder what all the fuss is about. Over the past few months Jamie Dimon, chief executive of … Continue reading
Be careful what you wish for on bankers’ pay…
The latest proposals in the European Parliament on limiting bankers’ bonuses are no doubt well-intended – but could have damaging unintended consequences. Members of the European Parliament have a long tradition of coming up with odd proposals about financial markets, … Continue reading