WEDNESDAY NOVEMBER 05
JPMorgan Mothballs Prop Desk

By now, we think it’s safe to say that JPMorgan fared darn well in the fallout from the subprime crisis. Especially when compared with its banking counterparts – both on Wall Street and beyond. So, why is it now shuttering its proprietary trading desk? Let’s just put it this way: it’s not because Jamie Dimon doesn’t have the money.

November 2008

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