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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:

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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:

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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.

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

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

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