Navnoor Bawa

Navnoor Bawa

How JPMorgan Lost $617 Million in 2024’s Perfect Compliance Storm

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Navnoor Bawa
Sep 17, 2025
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A Quantitative Case Study in Operational Risk

Bottom Line Up Front: JPMorgan paid $617.2 million in regulatory penalties during 2024 — not from bad trades, but from systematic operational failures across trade surveillance, recordkeeping, and fiduciary duties. This case study reveals how operational risk can destroy shareholder value as effectively as an…

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