Loading ...“According to its financial filings, as of December 31, 2013, JPMorgan held $17.9 billion in Bank-Owned Life Insurance (BOLI) assets, a dark corner of the insurance market that allows banks to take out life insurance policies on their workers, secretly pocket the death benefits, and receive generous tax perks subsidized by the U.S. taxpayer. According to experts, JPMorgan could potentially hold upwards of $179 billion of life insurance in force on its current and former workers, based on the size of its BOLI assets.”
Nice place to work ! You are worth more Dead than alive, if you don’t produce BIG returns …Take big risks to make the Bank Big Profits and if you Fail ,You are worth more DEAD than Alive.The “suicide” rate at JP Morgue is multiples higher than other Banks ..Hmmmmm makes you wonder !Is Jamie next?