The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.
Despite a deep, close and extremely lucrative relationship that lasted decades, JP Morgan Chase wasn't even required to publicly disclose the information that detailed its complicity in Madoff's scheme, including how much money it made and how.
JPMorgan Chase has a problem: It’s taking in money faster than it can lend it out.
As long as this trend continues, the biggest bank in America by assets will drift further away from a commercial bank’s core social and economic role of lending.
Not having a written business succession plan is at the very least an underlying cause of business failure. The reality is that the business landscape is littered with leaders and owners who chose to imperil their legacy and family's security.