[CEO Jamie] Dimon said the losses were caused by “errors,” “sloppiness” and “bad judgment.”
“This was a unique thing we did,” Dimon said. “Obviously it had a lot of problems. It was a bad strategy. It became more complex, it was poorly managed.”
[CEO Jamie] Dimon said the losses were caused by “errors,” “sloppiness” and “bad judgment.”
“This was a unique thing we did,” Dimon said. “Obviously it had a lot of problems. It was a bad strategy. It became more complex, it was poorly managed.”
Does Morgan do the CPF trading? J P was active at St. George’s in New York City and a heavy contributor when the CPF was started about 90 years ago.
To paraphrase Mr. Miyagi – “Risk on, risk off” Dimon-san.