October 10: Amorepacific

By Derek On October 10, 2013 Under Uncategorized

Jamie DimonJamie Dimon has warned investors and employees alike at JPM that the bank, after handing over $920,000 to settle the “London Whale” hedging case may be liable for another $11 bn in fines. He is understandably a bit busy now negotiating with the US Attorney General, the Justice Department, the SEC, the NY Attorney General and even the Department of Housing and Urban Development. He is not alone. Everyone in banking is firmly living in an era of the back office taking over the front office while litigation and compliance costs continue to rise. A falling tide imperils all boats and I have also been instructed that the format of Emerging Markets Illustrated must move with the grim times. Henceforth, EMI will appear in email format with a new disclaimer. (The twisted content, however, will remain unchanged).

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