Scary stuff about the future of the industry

http://dealbreaker.com/2012/09/JPMorgan-helpfully-quantifies-how-much-banking-regulation-is-costing-you-personally/

Per JPMorgan, regulations that are being phased in will cause 28,241 additional layoffs just among the eight big banks named here – ignoring in particular more banking-focused US names like BAC, C and of course JPM itself – and it will cause a $70k average drop in comp for those who are left, all just to get back to a plausible run-rate of 13% (for "Tier I" DB/GS/Barclays) or 10% (for "Tier II" others) ROEs.

Comments (9)

Sep 4, 2012 - 7:27pm
RichardPennybags, what's your opinion? Comment below:

Guys, please vote Romney

Thanks

RP

"Every man should lose a battle in his youth, so he does not lose a war when he is old"
Sep 4, 2012 - 8:17pm
R0bin, what's your opinion? Comment below:

Well damn

Baby you're the perfect shape, baby you're the perfect weight. Treat me like my birthday, I want it this way and I want it that way. It makes a man feel good baby.
Sep 5, 2012 - 12:59pm
Press0, what's your opinion? Comment below:
bearing:
Welcome to the world of structural decline IBD! We at ER greet you with open arms!

lol... Er is even more dead if not already fated for elimination. No one even wants to pay for reports anymore and fewer market players even recognize the value add of an ER team

Sep 5, 2012 - 5:16am
leveredarb, what's your opinion? Comment below:

Eaque quidem fugiat qui sint placeat modi. Corporis qui beatae aliquam aliquam vel quae et.

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