Does ill-gotten gains ring any bells for anyone?
Banks under assault?? Please…..
We should all do so well while under assault.
JPMorgan Chase earned $4.9 billion in the fourth quarter of 2014, the companyannounced on Wednesday, down from a year ago, but capping what CEO Jamie Dimon called a record year for the biggest U.S. bank by assets.
Despite this success, Dimon warned that “banks are under assault,” from government regulators.
“In the old days,” Dimon said, “you dealt with one regulator when you had an issue, maybe two. “Now it’s five or six. It makes it very difficult and very complicated.
“You all should ask the question about how American that is. And how fair that is,” he added. “And how complex that is for companies.”