Finance
Is Excel the Most Dangerous Piece of Software in the World?
Microsoft’s calculator is partially to blame for JPMorgan losing $9bn, and a lot more besides.
Is Excel the most dangerous piece of software in the world? Baseline Scenario’s James Kwak reports on a little-mentioned aspect of the notorious “London Whale” debacle at JPMorgan, where Bruno Iksil headed a proprietary trading team which made losses of up to $9bn.