Dimon avoiding Davos limelight as fines impede bank trust

Amid tightening regulations and increased scrutiny, financial institutions are looking for ways to re-organize and remain profitable. New laws such as 'the Volcker Rule' in the U.S. seek to push banks away from making bets with their own money. “Some of the business models are still not viable, particularly in corporate and investment banking,” said Henrik Naujoks, head of the financial services practice for Europe, Middle East and Africa at Bain & Company “In the past six months, we've received lots of requests from banks to assist them in becoming more client-centric, and it comes as banks are fighting to restore their reputation and secure their top line.”