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Pam and Russ Martens: It's official -- JPMorgan is riskiest big bank in U.S.
By Pam and Russ Martens
Wall Street on Parade
Monday, November 25, 2019
The National Information Center is a little-known repository of bank data collected by the Federal Reserve. It is part of the Federal Financial Institutions Examination Council, which was created by federal legislation to create uniformity in the examination of U.S. financial institutions by the numerous federal regulators of banks.
Quietly, the National Information Center has done something that has likely made Jamie Dimon hopping mad. Dimon is the chairman and CEO of JPMorgan Chase who has bragged perpetually in his annual letter to shareholders about how the bank he leads has a "fortress balance sheet." But now the National Information Center has created a graphic profile of JPMorgan Chase versus its peer banks. The graphics crunch a series of important financial metrics at JPMorgan Chase, showing it to be the riskiest bank in the United States. ...
... For the remainder of the commentary: ...
https://wallstreetonparade.com/2019/11/its-official-jpmorgan-chase-is-th...
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