Huffpost Business

Simon Johnson: Our Big Banks Rely On Three Myths

Posted: Updated:
Getty Images
Getty Images

Global megabanks have had a tough summer.

Jamie Dimon, the chief executive of JPMorgan Chase and a vociferous opponent of restrictions on reckless risk-taking by big banks, presided over large losses because of exactly such behavior in the company's London office.

Read the whole story at The New York Times