I'm curious about JP Morgan's involvement in prop trading. I want to know if the company engages in this type of trading activity.
7 answers
Riccardo
Mon Dec 09 2024
The bank has decided to shut down its global proprietary trading business.
Dario
Mon Dec 09 2024
This move comes as the US government exerts pressure on banks to reduce risk-taking.
Isabella
Mon Dec 09 2024
As part of this strategy, JP Morgan will redistribute the traders involved in this business.
Margherita
Mon Dec 09 2024
These traders, who are considered stars in their field, will be moved to other divisions within the bank.
GwanghwamunGuardian
Mon Dec 09 2024
JP Morgan has recently announced a significant change in its business operations.