4. Bad Bank
JPMorgan Chase has a big hedge fund inside a commercial bank. They should be taking in deposits and making loans, not taking large speculative bets.
— Mark Williams, a professor of finance at Boston University, who also served as a Federal Reserve bank examiner.
Source: NY Times Dealbook
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio