Tagged: Business Toggle Comment Threads | Keyboard Shortcuts

  • Phi Asset Managers 9:46 am on July 17, 2012 Permalink | Reply
    Tags: Business   

    Are the big banks lost? 

    Heart of the Matter

    “Have corporations lost whatever ethical compass they once had?”

    Camden Fine, ICBA President, on Twitter

    Yesterday, from The Financial Times: “The ethics of banking are broken.”

    I can’t help but wonder if the “ethics” problem in banking today is as much a problem of largesse. Forget Too Big to Fail – are the JP Morgans and Barclays of the world too big to manage?

    This was suggested during the JP Morgan earnings call Friday, with banking analyst Mike Mayo asking if JPM was “too big to succeed” – and promptly scoffed at by CEO Jamie Dimon, who commented that JPM’s size is its strength. But is might right? Ethical issues don’t come from just nowhere – sure, you hire the occasional bad egg, but the big issues are often a result of systemic failure – a lack of oversight, a culture of “looking the other way”.

    Today just…

    View original post 103 more words

    Advertisements
     
  • Phi Asset Managers 8:44 am on July 17, 2012 Permalink | Reply
    Tags: , , Business, , , ,   

    CEO CDS Soars 

    Index calculated as the number of people who have viewed/shared the BMO cover-up

     

     
c
Compose new post
j
Next post/Next comment
k
Previous post/Previous comment
r
Reply
e
Edit
o
Show/Hide comments
t
Go to top
l
Go to login
h
Show/Hide help
shift + esc
Cancel
%d bloggers like this: