Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

JP Morgan Chase

JP Morgan cancels Twitter Q&A after negative tweet blitz

Vice Chairman Jimmy Lee was due to answer questions for an hour today.

THE UNITED STATES’ biggest bank JP Morgan Chase was forced to cancel a Twitter Q&A planned for today after a rake of negative and markedly sarcastic tweets from the public using the hashtag #AskJPM.

The bank announced the Q&A on its Twitter account yesterday:

image

Jimmy Lee had worked on Twitter’s initial public offering which may be why they thought this would be a good idea.

However the bank has been the subject of much controversy having been handed a whopping $30 billion in fines and legal costs over the last four years. Most recently the banking giant was fined a record $13 billion in a bid to settle an investigation into bad mortgage loans the bank sold before the financial crisis hit.

The backlash on Twitter was merciless:

image

Click here for larger image

image

Click here for larger image

image

Click here for larger image

image

Click here for larger image

image

Click here for larger image

image

Click here for larger image

image

Click here for larger image

The bank’s PR team soon realised it was not the clever idea they had originally thought and now it’s “back to the drawing board” for them.

image

Click here for larger image

Read: Banking giant JP Morgan ‘fined $13 billion by US government’>

Read: Promoters of Dublin student club night defend use of ‘C***’ stamp>

Your Voice
Readers Comments
17
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.