The Real Reason JPMorgan Can't Be Broken Up Left Off Official Presentation

Mark Melin

Published onFebruary 24, 2015

Updated on May 13, 2021

The real reason JPMorgan Chase can’t be broken up, because of its overwhelming political power, is the same reason it should be broken up

JPMorgan had a clear message at its Tuesday Investor’s Day: don’t even think about breaking up this most power banking juggernaut.

Table of Contents

JPMorgan’s Chief Financial Officer Marainne Lake, the smoother of a dynamic duo formed with the bank's CEO Jamie Dimon, produced a financial document designed to deliver this most powerful message, but the most important reason why the bank can’t break up was actually left out of the presentation.

$6 to $7 billion in cost savings touted

The presentation’s headlines screamed of...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

The Real Reason JPMorgan Can't Be Broken Up Left Off Official Presentation

The real reason JPMorgan Chase can’t be broken up, because of its overwhelming political power, is the same reason it should be broken up

$6 to $7 billion in cost savings touted

Login required to continue reading.

Get Your Business News