January 14, 2014

Try holding up a 7/11 and having your quarterly profit drop only 7.3 percent when you're caught

Retuers - JPMorgan Chase & Co said on Tuesday that fourth-quarter profit fell 7.3 percent, hurt by weaker investment banking revenue and higher legal expenses. The results cap off a difficult year for Chief Executive Officer Jamie Dimon. The bank agreed to some $20 billion of legal settlements in 2013, with $850 million in the fourth quarter stemming from its deals over its failure to report suspicions of fraud by Ponzi-schemer client Bernard Madoff.

1 comment:

Anonymous said...

"El que roba un peso es un ladrón, el que roba un millón Señor Don" : He who steals a peso is a thief, he who steals a million is a distinguished gentleman. Old Spanish proverb, little grasshoppers...
- Pablo