JP Morgan's $2 billion trading gaffe continues to make headlines, closely followed by Facebook's IPO, as well as the search for tech talent and quants. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week.
May 18, 2012
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
