On 13 Announced in July 2012 JP Morgan Chase & Co. held a greater than expected loss for the quarter of $ 4.4 billion of the positions in the Chief Investment Office (CIO), raising the total losses to $ 5,900,000,000th Since the significant risks CIO initially on 5 Been uncovered april, had the company and its CEO, Jamie Dimon, the source of intense scrutiny by regulators, legislators, the media, shareholders and analysts. The situation was a rare but significant misstep of Dimon, who had … Read more »
On 13 Announced in July 2012 JP Morgan Chase & Co. held a greater than expected loss for the quarter of $ 4.4 billion of the positions in the Chief Investment Office (CIO), raising the total losses to $ 5,900,000,000th Since the significant risks CIO initially on 5 Been uncovered april, had the company and its CEO, Jamie Dimon, the source of intense scrutiny by regulators, legislators, the media, shareholders and analysts. The situation was a rare but significant misstep of Dimon, Morgan had successfully controlled by the financial crisis and was regarded as one of the best financial industry executives and risk managers. The company also revealed that it is adapting its first quarter of 2012 because of what they had learned, as it examines the CIO losses.
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Clayton Rose
Source: Harvard Business School
13 pages.
Release Date: 6 August 2012. Prod #: 313033-PDF-ENG
JP Morgan Chase & the CIO defeats HBR case solution
