My guess is that as the WAMU (washington mutual) portfolio is wound down, these people are getting fired.
In 2009, WAMU was about to go belly up and bring the financial house down and fdic “asked” JPM to acquire it.
RE: My guess is that as the WAMU (washington mutual) portfolio is wound down, these people are getting fired.
What about Bear Sterns, New York based global investment bank and securities trading and brokerage firm?
JP Morgan acquired them for r $10 per share, a price far below its pre-crisis 52-week high of $133.20 per share.
That was in 2008. It is hard to keep up with the bailouts.