The 2012 London Whale trading fiasco at JPMorgan Chase (NYSE:JPM) was undoubtedly the low point of CEO Jamie Dimon's career. This week, Dimon released his annual letter to JPMorgan shareholders and voiced his regrets and determination to never let another internal crisis harm shareholders.
In addition to offering his apologies, Dimon offered some great advice about how people and organizations should evaluate their situation when things seem to be going just fine. In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss what Dimon's new focus on internal controls means for investors.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.