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JPMorgan CEO says lessons learned from failed WeWork IPO

Stock Markets Nov 05, 2019 11:16AM ET
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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.

JPMorgan CEO says lessons learned from failed WeWork IPO
 

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Comments (3)
Nov 05, 2019 12:03PM ET
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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
John Nichols
John Nichols Nov 05, 2019 11:42AM ET
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it is great to hear someone speak the truth in this age of deception. Thank you Hank for honest words.
Hank Williams
Hank Williams Nov 05, 2019 11:37AM ET
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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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