Forbes -
13 Apr 2016 22:30

Sometimes lost in all the hype about JPMorgan Chase & Co.'s systemic importance to the U.S. financial system--too big to fail--and the massive media attention paid CEO Jamie Dimon is the fact that JPMorgan is, at its core, a bank. JPM--doing business mainly as Chase--is a boring old depositary institution. Loans on the left side of the balance sheet, deposits on the right, and equity as the leftover. The company's asset management and investment banking operations are really just bolt-ons to the...
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