1. Just Poor All Around
Ineffective, poorly monitored, poorly constructed.
— Dimon's description of the hedging strategy by the JPMorgan Chief Investment Office that led to a $2 billion loss earlier this month.
Source: Bank Systems & Technology
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio