In the same week that summer decided to show up in New York, other corners of the financial world were heating up as well. Jamie Dimon got a grilling from the members of the House of Representatives after last week's Senate Banking Committee tongue bath. Meanwhile, hedge finds managers gathered in Monaco to comment on the continent's slide to oblivion, while one US hedge find manager is placing all of his bets on – Greece?! Advanced Trading serves up the hottest quotes of this week.
June 22, 2012
2. The Devil You Know
If JPMorgan overseas operates under different rules than our foreign competitors, we can no longer provide the best products and services to our U.S. clients or our foreign clients. They will go elsewhere if we can’t give them the best possible deal.
— Jamie Dimon, commenting on Dodd-Frank before the House of Representatives this week.
Source: Washington Post
