The Best Job in JPMorgan is in the Legal Department

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The Best Job in JPMorgan is in the Legal Department

by TheStreet.com Videos 1:47 mins

The Best Job in JPMorgan is in the Legal Department

by TheStreet.com Videos 1:47 mins

JP Morgan Chase reported that its earnings were damaged by mounting legal bills. CEO Jamie Dimon was upbeat in saying 2013 was a year to resolve outstanding issues like global mortgage backed securities and the Bernie Madoff scheme. However, resolution meant billions of dollars in expenses that hurt earnings and to top that off, business hasn't been all that great with profits down year over year. The banking giant has seen its mortgage business plunge during the fourth quarter.

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