Happy Wednesday. ... Well, it is if your name isn't Jamie Dimon. Have a six-pack and find out why:
Remember when the narrative on JPMorgan Chase was how the bank had done so well during the financial crisis and avoided the pitfalls of its Wall Street competitors? Those were the good old days, weren't they? With apologies to the Five Man Electrical Band, now, the song goes, "fines, fines, everywhere a fine."
The good news is that if you don't work at JPMorgan, things are more or less getting back to normal for people on the Street, as the re-emergence of the fabled McMansion in the Hamptons attests.