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JP Morgan and Risk: Mission Creep, Mission Expansion, Mission Explosion

In an article in today's Financial Times (FT), entitled " JP Morgan shows the futility of fighting complexity ", Sallie Frawcheck posited that the JP Morgan trading loss demonstrated that regulators are fighting the wrong battle regarding risk. She believes that the main reason for the...

Jamie Dimon (and JP Morgan) Besieged

Sometimes, after all this time, I forget that I actually worked for JP Morgan. From the fall of 1997 to almost the end of 1999, I was the Director of the JP Morgan Y2k project management office in Latin America. My team made sure all the bank’s systems in Mexico City, Buenos Aires, and São...