Fact Check

Report: JPMorgan Not as Bad as Nazis

This is setting the bar pretty low, but a review found that JPMorgan Chase did not, in fact, do more damage to an Italian town than the Nazis did. The report stemmed from an investigation of Bloomberg L.P.'s practices after it was revealed that Bloomberg journalists could spy on financial institutions using Bloomberg data terminals, but it also addressed a 2011 Bloomberg article that compared a bad bond deal to the Nazi destruction of Monte Cassino. The review concluded that “To suggest a bond deal gone sour, curtailing daycare for 60 children and services for the poor, is comparable to the terror and cataclysm of war is inconsistent with BN's high standards.”