So, I think that I am going with the JP Morgan offer.
However today, it's stock went down 11.42%. This market is really scaring me.
What do you guys think are the odds for JP to fail/get bought out by mid-summer next year? Should I take the offer without worrying because it's too big to fail?
Really what other choice do you have? No use worrying about forces out of your control.
I think JPM is very well capitalized and in a good position. They stand about the same chance as Goldman of collapsing. It could happen, but if it does we're really in trouble.
No more banks will collapse. Too much government intervention to fail.
nah, take it and enjoy the rest of your year
Won't happen as long as Jamie Dimon is at the helm.
JPMorgan is one of the safest firms to be at right now.
If things get so bad that JPM fails, BofA, Wells Fargo and the entire United States will be close behind.
Extremely unlikely I think. JPM only fails in a real doomsday scenario.
stop worrying about things you can't control. this is like asking if you should have bought a ticket on the titanic because it was unsinkable.
1 in 23.43323976
http://www.cnbc.com/id/27822527
try that 10% IB layoff on for size
It was inevitable especially given the number of people taken on from Bear and WaMu.
WaMu was only retail ops, wouldn't affect the IB. you're right though, this shouldn't come as a surprise to anyone.
True but the WaMu deal is proving to be more costly than previously expected. That plus the 6,000 ex-BSC people + all the other s*** going on I'm sure has all contributed to the layoffs.
Anyone know which groups have been / will be most affected? I've heard equities and research have already been hit hard as of today.
why not just buy several thousand dollars worth of deep otm puts on JPM? as long as you sell the puts before joining fulltime, i don't think you'll be violating any laws. if jpm goes to shit, at least you'll have several tens of thousands to keep you going until you find another job.
IF JPM goes to shit, you're going to have bigger problems then just finding another job...
JPM plans to cut roughly 10% of staff in its investment banking business as it adjusts to the slump in deal volumes this year.
http://www.marketwatch.com/news/story/JP-Morgan-cut-roughly-10/story.as…{0FD49F23-353B-4D1F-AAE9-8F78AF6693BF}
I don't know how I even came across this thread, but seriously? I know it isn't out of the realm of possibilities that more banks fail, but JPM, really? I think the chances of you getting a blowjob from the Queen of England may he higher.
America’s third biggest bank, JP Morgan has been hit again by the subprime crisis. Unlike payday loan recipients, who must pay back their emergency cash by a specified date, the banks such as JP Morgan who received bailout money aren’t being held accountable. Articles are popping up all over saying that when asked, banks could not explain where their billions of dollars went. The government tossed wads of taxpayer money at these institutions, and they won’t even reveal what they are doing with it. I think it’s an outrage. When a regular person gets emergency cash, like a payday loan, they are held accountable for paying it back. Maybe in the future the government should look to payday loan companies as a guideline for how to hand out emergency cash.
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