Cohan Sees Dimon as 1 of 2 Top Wall Street Leaders

The video discusses JPMorgan's strong performance and Jamie Dimon's favorable position with deregulation under Trump. Bill Cohen, a former JP Morgan banker, emphasizes the need for Wall Street leaders to communicate its positive contributions and address its flaws. The potential impact of Brexit on JP Morgan is considered minimal due to the global nature of finance. The conversation shifts to Wall Street's accountability, highlighting the need for changes in incentive systems to prevent future financial crises.

What has been the performance of JP Morgan over the past year?

• It has performed similarly to its peers.

• It has only outperformed the S&P.

• It has outperformed both its peers and the S&P.

• It has underperformed compared to its peers.

What is Jamie Dimon's current position regarding the political climate?

• He is unhappy with the current administration.

• He is indifferent to the political changes.

• He is in a favorable position with deregulation talks.

• He is concerned about increased regulation.

What does Bill Cohen hope Jamie Dimon will address in his annual letter?

• The need for more deregulation.

• The impact of technology on banking.

• The expansion of JP Morgan into new markets.

• The positive and negative aspects of Wall Street.

How does Bill Cohen view the potential impact of Brexit on JP Morgan?

• He sees it as a major concern.

• He believes it will significantly slow down business.

• He thinks it will only affect their New York operations.

• He views it as a minor concern due to the global nature of finance.

What is the main reason companies come to Wall Street, according to the transcript?

• Because of its focus on local markets.

• Due to its global business success.

• Because of its strict regulations.

• Due to its high-risk investment opportunities.

What is Bill Cohen's main critique of Wall Street's incentive systems?

• They encourage conservative investment strategies.

• They reward risky behavior without accountability.

• They are too focused on short-term profits.

• They do not reward enough risk-taking.

What does Bill Cohen suggest is necessary to prevent another financial crisis?

• Focusing solely on domestic financial policies.

• Reducing the number of global financial transactions.

• Changing the reward systems to include accountability.

• Increasing the number of fines for banks.