Senate report slams JPMorgan for risky trades

williams11-150x150Los Angeles Times
Mark Williams, School of Management

In a scathing report, Senate investigators said JPMorgan Chase & Co.’s huge trading losses last year were caused by high-risk market bets that bank executives failed to catch despite numerous red flags…

Expert quote:

“If they’re not being honest with their regulators, who else are they not being honest with?”

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