5 reasons JPMorgan is having a terrible summer

The mega-bank's lawyers probably haven't seen much vacation time

Bernie Madoff
(Image credit: Mario Tama/Getty Images)

The world's biggest bank in terms of assets is set to become the world's biggest bank in terms of legal costs.

Four years ago, JPMorgan and CEO Jamie Dimon performed the Wall Street equivalent of a magic trick when it emerged from the subprime mortgage crisis with a reputation for being pretty good at risk management.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us

Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.