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JPMorgan CEO says lessons learned from failed WeWork IPO

Published 11/05/2019, 11:11 AM
Updated 11/05/2019, 11:16 AM
JPMorgan CEO says lessons learned from failed WeWork IPO

NEW YORK (Reuters) - JPMorgan Chase & Co (N:JPM) Chief Executive Officer Jamie Dimon defended the bank's work advising WeWork on its failed effort to go public, but added that the bank learned lessons from the experience.

"I do think we helped WeWork get to a proper conclusion" but there were "a lot of lessons to be learned on the way," Dimon said in an interview on CNBC. "I've learned a few myself."

"Companies going public should have proper corporate governance before they go public," said Dimon, who is also chairman of JPMorgan Chase, which was the lead of the investment bank advising WeWork on its attempted IPO this year.

Latest comments

jp morgan and goldman 2 bank shares u better wont have if we have next financial crisis these 2 are bankrupt buy wells fargo and citi much better option either morgan stanley and BoA are good but not those 2008 killers
it is great to hear someone speak the truth in this age of deception. Thank you Hank for honest words.
I am more concerned whether lessons were learned from the bail out of the wealthy twelve years ago. Things were made way too easy for them to get their wealth back.
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