Tuesday, 20 January 2015

#BANKS SCORE ON THE DOOR 15.52 GMT #WALLSTREET

Here we go

"Jamie Dimon is whining again.
The bank chieftain said JPMorgan Chase is “under assault” from regulators after legal costs dragged down the firm’s latest quarterly results.

The biggest US bank by assets reported weaker-than-expected profit and revenue in the fourth quarter, sending the shares down 3.5 percent to $56.72 in morning trading on Wednesday.



Profit was hit by nearly $1 billion in after-tax legal expenses, mostly tied to its foreign exchange business, Chief Financial Officer Marianne Lake said during a call to discuss results.

The bank is under investigation for its role in an international rate-rigging scandal and has been dogged by a host of legal and regulatory woes sparked by the financial meltdown in 2008.

“Banks are under assault,” Dimon told reporters on the call. “We have five or six regulators coming at us on every issue.”"


The White Rabbit! aka Freeman Money ... ;~)
#BankstersRabbit  
Op. #OTB Has Started 99% HEROES WANTED! :-)




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