The Banks That Are 'Too Big To Fail' Are Actually Too Complex To Exist

jamie dimonJamie Dimon

Photo: Mark Wilson / Getty Images

Why did JPMorgan Chase‘s top management fail to spot the $2bn-plus losses brewing in the chief investment office this year?There is no shortage of potential explanations: a cover-up by traders, flawed computer models, poor accounting, lax oversight and excessive complacency have all been blamed.

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