Charles Peabody Quotes
Chase paid top dollar and this is going create substantial strains on Chase. There's tremendous execution risk going forward. I think it's going to be a very difficult cultural fit. 
Tweet
Chase | Paid | Dollar | Create | Substantial |
comments powered by Disqus
We're at an inflection point where the fixed-income markets aren't going to give you the tailwinds you've had in the past. The fixed-income markets have been on an incredible bull run but over a three- to five-year horizon what you've seen is going to reverse itself.
- Charles Peabody
J.P. Morgan had a fairly strong independent streak. In the last two-to-three years, they decided they were going to try to get their brand name out there to and leverage that into a business stream of revenue that would have allowed them to remain independent. It didn't work. Their second goal: If you can't do it internally, let's command an extreme premium for that brand name. And they did that. Chase paid top dollar.
- Charles Peabody