Chase to Hedge Funds: Drop Dead

We don’t fancy your kind around these parts. Sheriff, why don’t you show the man to his horse, . . . its best if you were to just mosey along, move out of town.

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Fascinating note from Chase to a Hedge Fund client of ours: “JPMorgan Chase will no longer provide financial services to Hedge Funds or Private Equity customers.”

Before you assume its Dodd-Frank regs, the services in question are 1) Checking account; and b. Savings account.

Astonishing . . .

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chase2hedgefunds dropdead

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