Relevant:
- JPMorgan's $13 Billion Deal With DOJ At Risk Of Collapse: WSJ
- NEW YORK: Rising legal costs push JPMorgan to rare loss
- JPMorgan Trading Loss Suggests Little Has Changed Since The Financial Crisis
- Lesson of JPMorgan's Whale Trade: Nothing Was Learned
- JPMorgan Agrees to Pay Nearly $1B in Fines Over "Whale" Trading Loss
2013-08-13 — azcentral.com
``The legal entanglements are an unwelcome development for a bank usually lauded for stellar risk management and considered the darling of Washington until as recently as last year, when the trading loss came to light. After emerging from the financial crisis better off than most of its peers, JPMorgan was the only big bank with a CEO who had the street cred and guts to both challenge President Barack Obama and be his confidante.
The shift in JPMorgan's reputation is a reminder that banks, supposedly chastened by the financial crisis, are still being haunted by it. Its struggles are also a microcosm of the government's tightening influence on the industry, and a reminder of how quickly fortunes can change.''
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