Bank of America Corp (BAC): Five Things That Could Hobble It

2. A multibillion-dollar rogue trader
Not only are the superbanks too big to fail and too big to jail, they’re also too big to manage.

JPMorgan Chase & Co. (NYSE:JPM) and its infamous London Whale is a jarring case in point: a $100 billion derivatives bet made by a small group of employees that went unnoticed by senior management until it was too late, eventually costing the bank more than $6 billion and a year of terrible press.

CEO Jamie Dimon is unarguably one of the best risk managers in banking. If this kind of thing can happen at JPMorgan Chase & Co. (NYSE:JPM), it can happen anywhere.