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.
Don't worry Obama is going to take care of everyone
Guys, please vote Romney
Thanks
RP
Well damn
25% comp cut and 28k jobs....thats huge
Sigh.
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
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