JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency ...
US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks' contingency plans for trillions of dollars in derivatives.
Inb4, here is their defence: "If we were not holding all these fraudulent derivatives, the system would have collapsed long ago" , kek