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China has a debt problem, and it’s desperate enough to employ drastic—and dangerous means—to counter it.
On May 15, JPMorgan Chase & Co. Chairman and CEO Jamie Dimon was face-to-face with the bank’s shareholders at its annual shareholder meeting.
JPMorgan Chase & Co.’s $2 billion—and counting—loss disclosed on May 10 will not only hurt its bottom line, but a few high-level executives are expected to leave in its aftermath.
The recently disclosed $2 billion trading loss at JPMorgan Chase & Co. is a black eye for the bank—which until last week was perceived to be a leader in risk management—and for the entire banking industry.
