No Wonder that the Banking Industry is in Trouble

[xrocketengineer]

If they are making these type of investments, we are sunk! What is the going price for stones?

JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.

The bank kept bags of stones in a Dutch warehouse thinking they were bags of nickel that would have been worth more than a million dollars.

www.businessinsider.com

 

[GreensvilleJay]

I once knew a Bank of Nova Scotia bank manager that went bankrupt......

 

[Mark_BX25D]

Somebodies should lose their jobs.

 

[xrocketengineer]

Did any of you guys receive any "nickel" in lieu of stones for your driveway projects by mistake?

 

[JimmyJazz]

JP Morgan is considered perhaps the best run bank in the country. I actually spoke to CEO Jamie Diamond on the phone once long before he became the most powerful banker in the world. The "conversation" lasted about 2 minutes. Fun times. According to wikipedia JP Morgan has $3.67 TRILLION in assets. The bag of stones is inconsequential. The bank earned $37 Billion in 2022.

 

[jimh406]

Everything is fine. Banks failing is all part of the plan.

 

[Bmyers]

 

[Bmyers]

 

[Fordtech86]

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