JPMorgan: A punching bag for regulators
JPMorgan Chase (JPM) has turned into regulators' favorite punching bag, with the bank facing billions of dollars in liabilities, CNBC reported. The news agency has more on all the tail risk facing the banking giant:
The regulatory activities are coming from so many directions, CNBC anchor Jim Cramer said, that JPMorgan is basically a "piñata bank." "There's a lot of blame to go around. A lot of people still hate the bankers," he added. "Do you ever read a story and say, 'Wow, I feel bad for JP Morgan'? You don't. These guys are just big targets still."