During the Chase investor day last week, Charlie Scharf (CEO of Retail Financial Services) made comments that were as good as I’ve heard in probably two years. Scharf suggested he can see the peak of home equity losses. That’s not all, Scharf also said he also sees a bottom forming in the California market. If I was just dreaming, please don’t wake me!
Scharf sounded more like a Chief Credit Officer than the head of retail banking. Scharf spent the majority of… Continue