Tag Archive for Investment Bank

Surviving the investment bank killing zone – Reuters

Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group told Reuters. Investment banks are undergoing wrenching change as weak financial markets force companies to pull back on raising capital and striking deals, cutting the flow of…

Bloomberg Undresses the Emperor. Moral- Stay off Hizzoner’s bad side.

JPMorgan Chase (JPM) Chief Executive Officer Jamie Dimon enjoys a reputation as a risk-averse manager who conducts exhaustive reviews of operations in every corner of the bank. Not always, it turns out. Long before traders there racked up at least $2 billion in losses, executives at JPMorgan voiced concern over activities of the bank’s chief…

Goldman Sachs Hires Single Morally Decent Human Being To Work In Separate, Enclosed Cubicle

NEW YORK—Seeking to mollify critics over its role in the global financial crisis, Goldman Sachs announced Friday the hiring of junior analyst Greg Kohler, who executives said is the investment bank’s first and only employee to possess a clear set of morals or a basic understanding of right and wrong. Officials confirmed the upstanding Kohler,…

How Jamie Dimon Kept JPMorgan Trouble Under Wraps: Video – Bloomberg

June 12 (Bloomberg) — Bloomberg’s Erik Schatzker and Stephanie Ruhle report that as traders racked up $2 billion in losses, JPMorgan CEO Jamie Dimon treated the CIO differently from other JPMorgan departments, exempting it from the rigorous scrutiny he applied to risk management in the investment bank, according to two people who have worked at…