I mean this is like close to a billion dollars!
So I have a few questions:
Firstly: Where do these droids get this type of money from to pay a fine like this?
Secondly: If they have money like this on hand ... why do they have it?
J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.
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J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.
"…I hate how I don’t feel real enough unless people are watching." — Chuck Palahniuk, Invisible Monsters
J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.
jones jones;1436337 wrote: I mean this is like close to a billion dollars!
So I have a few questions:
Firstly: Where do these droids get this type of money from to pay a fine like this?
Secondly: If they have money like this on hand ... why do they have it?
For JPM that represents a half of one percent of their nett capital value - it's a big company.
The Basle II agreement sets a minimum level of capitalization that each bank must hold in reserve - for someone like JPM that would be about four percent.
So I have a few questions:
Firstly: Where do these droids get this type of money from to pay a fine like this?
Secondly: If they have money like this on hand ... why do they have it?
For JPM that represents a half of one percent of their nett capital value - it's a big company.
The Basle II agreement sets a minimum level of capitalization that each bank must hold in reserve - for someone like JPM that would be about four percent.
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J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.
Bryn Mawr;1436341 wrote: For JPM that represents a half of one percent of their nett capital value - it's a big company.
The Basle II agreement sets a minimum level of capitalization that each bank must hold in reserve - for someone like JPM that would be about four percent.
No company should have the right to funds like this ...
I am beginning to think that communism may be the answer ... 'cept I don't know the question.
The Basle II agreement sets a minimum level of capitalization that each bank must hold in reserve - for someone like JPM that would be about four percent.
No company should have the right to funds like this ...
I am beginning to think that communism may be the answer ... 'cept I don't know the question.
"…I hate how I don’t feel real enough unless people are watching." — Chuck Palahniuk, Invisible Monsters
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J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.
And what puzzles me is that when stuff like this happens, its almost always the junior brokers who take a fall. Top management seem immune for some reason and keep on collecting their bonus year after year ...
"…I hate how I don’t feel real enough unless people are watching." — Chuck Palahniuk, Invisible Monsters
J.P. Morgan to Pay $920 Million Fine in 'London Whale' Trades.
jones jones;1436345 wrote: And what puzzles me is that when stuff like this happens, its almost always the junior brokers who take a fall. Top management seem immune for some reason and keep on collecting their bonus year after year ...
:wah: Ask gmc about that - pisses him off something awful :wah:
Actually a few of the bosses have been hit but far too few.
:wah: Ask gmc about that - pisses him off something awful :wah:
Actually a few of the bosses have been hit but far too few.