Analysis: Nothing reassuring about JPMorgan "Whale" reports

01/25/2013 | Harvard Business Review online

Two recent JPMorgan Chase reports addressing the "London Whale" suggest that the bank has learned nothing from the financial crisis that nearly brought down the U.S. financial system four years ago, writes Ben Heineman Jr., a senior fellow at Harvard's Law and Kennedy schools. Heineman suggests that greater attention to risk management may not be enough to prevent similar major losses in the future.

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