(The Business Insider) Asset managers like JPMorgan are expected to slash research budgets by as much as 50% in response to European regulatory reform known as MiFID II. That means money to pay analysts will shrink, leaving only top-tier talent with a higher standard of excellence. Wall Street stock analysts are about to find themselves on the chopping block, and only the best will survive…..
The Head of JPMorgan’s Nearly $2trn Funds Business Issued a Stark Warning for a Large Group of Wall Streeters
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