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JP Morgan

Leeds Spur

Leeds Spur

Banned
Lose ?ú2 billion in risky trades.

French bloke working out of London who made these trades earned ?ú14 million last year.

Something needs to change fundamentally. We won't be threatened by these ****s anymore, they are laughing their ****s off at us.

They haven't learned a bloody thing.
 
I read about this a day or two ago - was funny as I rejected a job a couple of years back from JP Morgan (salary was too low - fudgers). Societe Generale, UBS, JP Morgan - the list is endless.

I work in Internal Audit and Risk Management, predominantly on clients within the NHS and if there is one thing these fudgein banks could take and learn from the NHS is how they have Risk Management embedded throughout the Organisation. I mean think about it, what is more important than money? Patients. Easily adaptable to money.

Banks simply need tighter controls over these things and that means a change in culture, how? use NHS as an example.
 
DHSF said:
I read about this a day or two ago - was funny as I rejected a job a couple of years back from JP Morgan (salary was too low - fudgers). Societe Generale, UBS, JP Morgan - the list is endless.

I work in Internal Audit and Risk Management, predominantly on clients within the NHS and if there is one thing these fudgein banks could take and learn from the NHS is how they have Risk Management embedded throughout the Organisation. I mean think about it, what is more important than money? Patients. Easily adaptable to money.

Banks simply need tighter controls over these things and that means a change in culture, how? use NHS as an example.
Click to expand...

Investment arms are soon to be seperated from the retail side
 
I think that is happening. It is definitely happening with RBS. As far as I am aware they are in this process and pretty sure by the end of the year. Then again they also said that this time last year
 
The problem is that in good times trading generates huge profits (though one could argue it's all paper profit)...like what consultancy services used to mean to big audit firms
 
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