The Coming Crisis: The presidentﾒs financial disclosures for 2011, released by the White House, showed he has $500,000 to $1 million in a JPMorgan Chase private client asset management checking account. The disclosure came as controversy deepened over the bank's $2 billion dollar losses. The US Justice Department has opened an FBI probe into the trading loss, and embattled chief executive Jamie Dimon faced criticism at the company's annual shareholders meeting in Tampa, Florida. Mr Obama said this week that JPMorgan was "one of the best managed banks there is" despite the loss. The White House said "neither the president nor the vice president have any conflicts of interest."Source: The Coming Crisis
