This paper highlights some of the unrealistic expectations that managers and investors have in the ongoing debate over fees, with changes recommended for both sides.
Ethics
Five Banking and Investment Lessons from the London Whale Incident
JP Morgan’s internal report on the losses incurred by the so called “London Whale” provides a unique insight into the risk culture of a large investment bank. This article summarises the significant events covered in the report and details five key lessons for investors and regulators.