Will JPMorgan Chase Suffer From Its WeWork Connection?
Investment banking is a field for people who can handle a lot of risk. That's become apparent again in the ongoing saga of WeWork's massive losses and its so-far failed IPO.
One of the main investors in the struggling company is JPMorgan Chase (NYSE: JPM), perhaps the world's leading international investment bank. While every investment bank makes mistakes, their losses are not always as colossal as this one. The question on its own investors' minds is whether or not this will create an indelible stain, or if Jamie Dimon, CEO of the financial giant, can walk away unscathed.
Image source: Getty Images.
Source Fool.com
