Current star at JPMorgan Chase is its consumer banking division
Its Wall Street business is being weighed down by regulatory pressures and continued low interest rates
Wed, Mar 04, 2015 - 5:50 AM
JPMorgan Chase's investment bank, rather than its consumer bank, used to be a key revenue centre, and where its chief executive would likely be drawn from. Several factors - some temporary - have turned the tables. Cost cuts are now the order of the day there.
ONLY in a few places is a reversal of fortunes in the financial industry more vividly illustrated than at JPMorgan Chase.
A few years ago, the company's consumer bank, Chase, was struggling under the weight of the mortgage crisis and a slow economy, while the JPMorgan...