When most consumers think of JP Morgan Chase, they believe the company to be a financial institution that is reliable, profitable and innovative. JP Morgan is known for huge earnings, cautious decisions and strategies that build bridges across multiple companies. Its chief executive officer, Jamie Dimon, has grown the company’s profits due to the management style that is often attempted by others.
Lately, the same adjectives that describe JP Morgan are the ones that many now oppose to affirm due to one large mistake that is mounting to billions of dollars that will go down in history.
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- JP Morgan Chase CEO Denies That Growing Trading Losses Prove His Bank Is Too Big To Manage (thinkprogress.org)
- Paul Miller on JPM: The share gains today may not last. Over time, it will still drift down (investmentwatchblog.com)
- Oops We Did It Again…Jamie Dimon and JP Morgan Chase (prverdict.com)
- JP Morgan’s Loss Now $9 Billion? (abcnews.go.com)