3.) Scandal-Plagued

  • 2018-09-12
  • Source: TTN
  • by: TTN Staff
3.) Scandal-Plagued
By Financial Times [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

JPMorgan Chase has been scandal-plagued for quite some time and Dimon is a very big part of that. The organization has taken up the tactic of just paying the massive fines that come to their door. They paid $920 million dollars in fines due to the astronomical “London Whale” trading loss scandal in the UK back in 2013. They took these fines because it was cheaper than being honest and that trend is not expected to end unless many actions are taken by the citizenry, the government, and the bank's members. Dimon even mentioning politics was considered scandals by the company, this is going to shake out in a very interesting way if he does step up to the plate.

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 Source: TTN

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