Why was JP Morgan bad?

Answer 1

JP Morgan has faced criticism for various reasons, including its role in the 2008 financial crisis, where its risky practices contributed to systemic instability. The bank has also been involved in numerous controversies, including allegations of manipulation in commodities markets and the LIBOR scandal. Additionally, its size and influence have raised concerns about its potential to engage in unethical behavior and the risks it poses to the financial system overall. These factors have led to perceptions of the bank as emblematic of problematic practices within the banking industry.