JPMorgan Chase, in year 2011 found out that synthetic credit portfolio (SCP), which demonstrated less than 1% of the bank's overall assets, had rose to become more than half the bank's total risk. An article in the WSJ would soon enable it to be public knowledge that the bank was in difficult circumstances. How could an association known for its diligence, which had continued to safeguard itself from the global monetary crisis, and was headed with a highly respected CEO (Jamie Dimon), concluded in such dire straits?
JPMorgan and the London Whale Case Study Solution
PUBLICATION DATE: March 24, 2014 PRODUCT #: INS370-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING