JPMorgan Report Piles Pressure on Dimon in Too-Big Debate

in 2013, Bloomberg, Mark Williams, Newsmakers, School of Management
March 15th, 2013

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Mark Williams, School of Management

JPMorgan Chase & Co. (JPM)’s efforts to hide trading losses, outlined in a Senate report yesterday, will likely ignite debate over whether the largest U.S. bank is too big to manage and ratchet up pressure on Chief Executive Officer Jamie Dimon to surrender his role as chairman…

Expert quote:

“Too big to fail has been put back on the table — not providing risk data, misleading shareholders — this suggests that breaking up the banks is a viable idea. This big trading loss reinforces the need for independence. It’s kind of hard to argue at this point that JPM would’ve been worse if they had a separate chairman.”

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