JPMorgan's Dimon says bank is 'under assault' by regulators: "...CEO Jamie Dimon continues to show resentment about how much scrutiny his bank has come under from various government agencies."
Banking giant JPMorgan Chase used to be the golden child of Wall Street.
But the company disappointed investors Wednesday by reporting fourth quarter profits and revenue that was below forecasts -- largely due to increased legal costs.
And CEO Jamie Dimon continues to show resentment about how much scrutiny his bank has come under from various government agencies.
During a conference call with reporters, Dimon said that the bank was "under assault" by regulators. When asked for more details on that, he responded by saying, "You've got to be kidding me."
To be sure, JPMorgan Chase is hardly struggling. The bank reported a $4.9 billion profit in the fourth quarter.
http://money.cnn.com/2015/01/14/investing/jpmorgan-chase-earnings-j...Comment
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