JPMorgan Chase & Co. (NYSE:JPM) is having its investor day today. Among the usual reviews of the company's annual progress sprouted a verbal beat down for one particularly persevering analyst. Mike Mayo, an analyst from CLSA Asia-Pacific Markets, got told why Jamie Dimon is richer than he is.
Mayo asked the JPMorgan Chase & Co. CEO why the firm wasn't able to raise more than the necessary capital to meet Basel III rules. The analyst pointed to UBS AG (NYSE:UBS) as an example of an investment bank able to...
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