Storm clouds gather over Wall Street banker Jamie Dimon

JP Morgan boss Jamie Dimon was once hailed as a Wall Street hero. Now, many pundits are asking why is still in his job.

In 2010, Jamie Dimon was described by The New York Times as "America's least-hated banker". A man whose "tough, hands-on style" had seen JP Morgan Chase through the crash; a "different" sort of banker to his peers. While most brushed over the risks underlings were taking, Dimon was "like the mechanic who grew up in a body shop" he was "intimately familiar with the details of his trade". He demanded to see the raw data, took tutorials to understand the complex trades the bank was exposed to, and his "radar for trouble" was legendary.

To all that, critics now have just four words, says the Daily Mail: "tempest in a teapot". The London Whale trading scandal dismissed in those terms by Dimon when it surfaced last year has so far cost shareholders $6.2bn. Last week, a further $920m was added in fines from British and American regulators.

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