Description: Despite a $5.8 billion year-to-date trading loss, JPMorgan still earned $5 billion in the second quarter.
Source: CNNMoney.com â€“ video report
Date: July 13, 2012
Questions for Discussions:
- Summarize the highlights of managementâ€™s effort to fix the damage done.
- Do you believe it is convincing and will be successful?
- How can this sort of scandal undermine the equity of the company and the industry as a whole?
- Is there a role for greater government regulation here?