Is your banker as dumb as a box of rocks?
JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.
March 20, 2023
https://www.businessinsider.com/jpmorgans-nickel-bags-turned-out-to-filled-with-stones-2023-3
JPMorgan Chase kept bags of stones in a warehouse thinking they were nickel, according to the WSJ.
The London Metal Exchange revealed Friday that the bags contained stones instead of nickel.
The owner of the bags is JPMorgan Chase, according to the Journal.
Comment:
Embold
1 day ago
Once again proving they are NOT the smartest folks in the room. In 2008, JPMorgan Chase received a $25 billion bailout from the Federal Reserve.
