JP Morgan has avoided many of the pitfalls to have hit many investment banks in the third and fourth quarters of last year, having had little exposure to subprime mortgages and structured investment vehicles. Risk talks to Jamie Dimon, chief executive of the bank, about the impact of the crisis.
Risk: The second half was this year was extremely volatile, particularly through August and September. Are you satisfied with how JP Morgan has fared through the turmoil?
Jamie Dimon: The answer is