The amusing story of JPMorgan Chase

Reading about the latest foibles of JPMorgan Chase, the largest bank in the United States, one cannot help but chuckle. CEO Jamie Dimon initially reported a trading blunder had cost the bank a mere $2-billion and dismissed concerns as a “tempest in a
teapot.” He now admits the tempest may have cost the bank $5.8-billion and that’s not the end of it. He further admits that if financial markets go