Quotes of the month
“We took a huge contrarian position with the investment bank, but I knew that if I got lucky or was right, it would be a good run”
“If changes to SLR are delayed and/or QE continues much longer, then JPMorgan may have to start asking large corporate customers to move their non-operational deposits out of the bank”
“Nothing focuses private equity groups more than the people giving you money”
“It will be extremely difficult for a global wealth manager or bank to successfully buy out an MFO”
“It is enough to tell you it is no longer just a set of aspirations but reality.