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Breaking Up Chase Would Benefit Shareholders and Taxpayers
Oleh:
Bair, Sheila
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 8 (Jun. 2012)
,
page 38-39.
Topik:
Banking Industry
;
Financial Reforms
;
Hedge Fund
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Jamie Dimon needs to take a cue from J.P. Morgan's trading debacle and divide the banking giant into manageable pieces. Jamie Dimon, the CEO of J.P. Morgan Chase (JPM), is getting his head pecked these days. To be sure, he set himself up for it by very publicly leading the industry chorus of criticism against key financial reforms. He has made many good decisions for his bank, but Chase's recent serious missteps have provided reform advocates with loads of ammunition. I mean, really. Losing $2 billion (and counting) by "hedging" a bond portfolio against losses? What were he and his minions thinking? If Dimon wants to regain his place in the pecking order, he should take the initiative and shrink Chase to a manageable size.
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