Imperious JP Morgan shows its crisis credentials

JPMorgan_Adobe_575x375_9July2020
By David Rothnie
09 Jul 2020

JP Morgan has extended its lead in European investment banking, scotching accusations of a retreat and dashing hopes of a change in the status quo, writes David Rothnie.

During the credit crunch of 2008, JP Morgan chief executive Jamie Dimon’s daughter asked her dad to explain what a financial crisis was. “It’s the kind of thing that happens every seven to 10 years,” Dimon shot back.

He later recalled: “I wasn’t being facetious.” It is ...

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