Epstein Secrets

Eye on the Market I September 25, 2011 J.P Morgan mean meet a Topics: A note from the European Banking Authority As per the note below, the European Banking Authority (EBA) holds the global inve

6x 5x Foreign banks 4x • Domestic banks 3x 2x 1x Ox Japan cb 16. \fr C4 S‘ OS co et <„ 04,0% ge S %Os Source: Federal Reserve, ECB, J.P. Morgan Private Bank. Data as of 2010. 'Select liabities include deposits and other debt securities. EuroStoxx Banks Index: reality finally sets In Price-to-book ratio

h client and is serviced through distinct legal entities licensed for specific whines. Bank. trust and investment management services are provided by J.P. Morgan Chase Bank. N.A. and its affiliates. Securities are offered through J.P. Morgan SeCtilifiti LLC (JPUS). Member NYSE. FINRA and SIPC Securities products purchas

oney market funds' exposure to European banks % of kind holdings in Europe for 10 largest Prime funds 70% 60% 50% 40% 30% 20% kby-11 Source. Fitch Ratings. Ju Sep-11 How bad can banks get In a crisis? Trough price to tangible book during historical banking crises 1.0 0.8 0.6 0.4 0.2 00 II • 11

Eye on the Market I September 25, 2011 J.P Morgan mean meet a Topics: A note from the European Banking Authority As per the note below, the European Banking Authority (EBA) holds the global inve

6x 5x Foreign banks 4x • Domestic banks 3x 2x 1x Ox Japan cb 16. \fr C4 S‘ OS co et <„ 04,0% ge S %Os Source: Federal Reserve, ECB, J.P. Morgan Private Bank. Data as of 2010. 'Select liabities include deposits and other debt securities. EuroStoxx Banks Index: reality finally sets In Price-to-book ratio

h client and is serviced through distinct legal entities licensed for specific whines. Bank. trust and investment management services are provided by J.P. Morgan Chase Bank. N.A. and its affiliates. Securities are offered through J.P. Morgan SeCtilifiti LLC (JPUS). Member NYSE. FINRA and SIPC Securities products purchas

oney market funds' exposure to European banks % of kind holdings in Europe for 10 largest Prime funds 70% 60% 50% 40% 30% 20% kby-11 Source. Fitch Ratings. Ju Sep-11 How bad can banks get In a crisis? Trough price to tangible book during historical banking crises 1.0 0.8 0.6 0.4 0.2 00 II • 11

remains the Chief Executive Officer of Capital Trust, Inc. Prior to joining Capital Trust in 1998, Mr. Plavin was co-head of Global Real Estate for The Chase Manhattan Bank and Chase Securities Inc. During his tenure at Chase, from 1984 to 1998, Mr. Plavin also led business units responsible for commercial real estate l

t, Mr. Schoonbrood was at Morgan Stanley and was with Credit Suisse where he worked in a variety of real estate and structured finance positions at Fitch Ratings and 1PD. Mr. Schoonbrood holds an MA in Real Estate from Kingston University and a BA in Business Administration from Fontys Hogescholen. Michael S