Description: Despite a $5.8 billion year-to-date trading loss, JPMorgan still earned $5 billion in the second quarter.

Source: CNNMoney.com – video report

Date: July 13, 2012

Link: http://money.cnn.com/video/news/2012/07/13/n-felicia-jp-morgan.cnnmoney/

Questions for Discussions:

• Summarize the highlights of management’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?