JPMorgan's Fall and Revival

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The narrative explores JPMorgan's transformation into a universal bank during the 1980s and 1990s, detailing the challenges faced by leaders Lew Preston and Dennis Weatherstone amid the developing country debt crisis and shifting borrower behaviors. It highlights the firm's strategic adaptations leading up to its acquisition by Chase in 2000, while also situating JPMorgan's evolution within the broader context of U.S. banking consolidation and the influence of current management under Jamie Dimon.