Should Dimon Step Down?
The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer-goods editor and analyst Austin Smith discuss topics around the investing world.
With the news of JPMorgan Chase's shocking $2 billion loss continuing to reverberate around markets, some are calling for the CEO's head. He was, after all, apparently intimately involved in the bet. Several executives have already resigned -- should Jamie Dimon be next? No, says a Motley Fool analyst. At least not based on what we know so far about the trade -- though Dimon should probably back off from his efforts to undermine rules that could have prevented this sort of disaster.
The financial heavies are getting a lot of press these days. And much of it is negative. But there's one small bank that's flying under the radar, and it has some of the best operational numbers you'll ever see. The Motley Fool featured it in its brand-new free report: "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. To find out the name of the bank Warren Buffett would probably be interested in if he could still invest in small banks, just click here.
At the time this article was published Austin Smith and Ilan Moscovitz have no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase.Motley Fool newsletter services recommendGoldman Sachs. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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