Not too big to fail: JP Morgan is mounting its losses

By Bahiyah Shabazz, MBA

English: Category:JPMorgan Chase

English: Category:JPMorgan Chase (Photo credit: Wikipedia)

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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“Love yourself enough to support yourself.” Bahiyah Shabazz

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