Word: chases
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...name-calling is fun - and, to some extent, merited. But Goldman's place at the top of the Wall Street heap can easily be explained. Same goes for JPMorgan Chase, Goldman's somewhat less controversial partner in profit. The No. 1 reason these two banks are doing so much better than their rivals is that they're better at what they do than their rivals...
...JPMorgan Chase has an even longer and more storied history. It's a direct descendant of the House of Morgan that dominated Wall Street a century ago. But it's also an agglomeration of Chase Manhattan, Chemical Bank, Manufacturers Hanover, First Chicago, National Bank of Detroit, Bank One, Bear Stearns and Washington Mutual, among others, and this mishmash has only come together as a coherent whole since renowned details guy Jamie Dimon took over as CEO in 2005. "The teamwork culture at JPMorgan Chase is really Jamie Dimon," Ellis says...
...issuing in lieu of cash as it grapples with a $24 billion budget crisis--are appearing on websites like Craigslist, where opportunists are buying them at a discount so they can turn a profit when the IOUs come due on Oct. 2. Meanwhile, Bank of America, Wells Fargo and Chase agreed to accept the IOUs at face value through July 10. After that, recipients will have to go to check-cashing storefronts or credit unions, which will take them at a fraction of the full price...
...dressed in traditional garb and carrying rolled-up newspapers to swat the bulls if necessary. They sing a traditional homage to St. Fermin, asking him to guide them through the run. After two small rockets are fired, six bulls are released (along with a herd of steers), and the chase is on. The event generally takes just a few minutes. (Read a TIME article from 1932 about Pamplona's running of the bulls...
...across some of the region's fastest-growing economies gives it an enviable profile. StanChart "is one of the best-placed banks in the world," says Alex Potter, banking analyst at brokerage Collins Stewart in London. "It had high profits in its home markets and didn't need to chase high-risk products...