Banks: J.P.Morgan’s CIO Unit

J.P.Morgan’s CIO Unit

Tricumen today publishes details on J.P.Morgan’s CIO unit setting out its functions and historical performance.  We identify similar units at HSBC and Goldman Sachs and examine whether the recent losses support the view that prop trading should be curtailed through measures such as the Volcker rule.

Banks: J.P.Morgan's CIO Unit