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For its aspect, JPMorgan has finished much soul-exploring around other highly-priced scandals, including the $6 billion London Whale buying and selling loss, its connection with fraudster Bernard Madoff and also the hiring of well-linked Chinese “princelings.” None of such mishaps, or Epstein, in isolation presented an existential risk on the lender or even the economic technique, but in reaction to orders from regulators to wash up its act on stopping income-laundering, JPMorgan beefed up its engineering devices, operating standards and governance.

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It’s achievable that years from now, these kinds of de-facto prices of carrying out company could have faded from Dimon’s memory identical to several of those fines that came prior to. A company-governance upgrade at JPMorgan, nevertheless, would persist with him for years to come back.

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