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In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York.
In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York.
(Mark Lennihan/AP)

FINANCIAL TIMES

JPMorgan proves why U.S. banks are still risky investments

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Things were supposed to be getting better for U.S. banks. The economy is improving and interest rates are up, which should lead to more loans and the ability to charge more for them.