The Phaserl


The Two Mega-Pain Trades: JPM Explains Why The “Big Money” Is Losing Big Money In 2014

from ZeroHedge:

Yesterday at the Deutsche Bank Global Financial Services Conference the biggest blockbuster announcement came from Citigroup which, following in JPM’s footsteps, announced that trading revenue could slide by 20%-25%. As such, this would mean that just like JPM, more of the big banks are setting up for the worst trading start in the first half of the year since the financial crisis. However, a far more important announcement came during the Keystone Presentation by JPM’s CEO of its Investment Bank, Daniel Pinto, who explained the reason behind this TBTF trading revenue slowdown, which also happens to be the explanation why the bulk of the hedge fund community is not profitable so far in 2014.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>