Jamie Dimon's Risky Business

Illustration by Patrick Morgan

JPMorgan Chase Chief Executive Officer Jamie Dimon enjoys a reputation as a risk-averse manager who conducts exhaustive reviews of operations in every corner of the bank. Not always, it turns out. Long before traders there racked up at least $2 billion in losses, executives at JPMorgan voiced concern over activities of the bank’s chief investment office (CIO). Dimon repeatedly declined to subject the office to additional scrutiny and control.

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