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Josh Rosner’s JPM Analysis
Posted By Barry Ritholtz On March 14, 2013 @ 11:00 am In Corporate Management,Really, really bad calls,Regulation | Comments Disabled
Josh Rosner has done a yeoman’s job looking closely at JPM’s finances, regulatory violations, and trading losses. I found much of what he wrote surprising.
In particular, I was surprised to learn that JPM:
-Had many similar anti money laundering laws violations as HSBC;
-Failed to Segregated Accounts ala MF Global
-Engaged in Risky trading behavior that cost them over $8B
-Demanded that the FDIC cover WAMU’s losses despite their purchase of them;
-Paid more than $8.5 billion in regulatory and legal settlements –almost 12% of 2009-12 net income!
Prior installments are here:
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/03/josh-rosners-jpm-analysis/
URLs in this post:
 Intro: http://www.ritholtz.com/blog/2013/03/jpmorgan-chase-out-of-control-introduction/
 part 2: http://www.ritholtz.com/blog/2013/03/jpm-wamu/
 part 3 : http://www.ritholtz.com/blog/2013/03/jpmorgans-internal-control-problems-or-hsbcs-got-nothing-on-us/
 part 4 : http://www.ritholtz.com/blog/2013/03/jpmorgan-london-calling/
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