JP Morgan took a huge fourth quarter loss, despite a strong overall quarter, due to a single client.<br />According to CFO Marianne Lake, it marks the largest loss for the bank since the economy tanked over a decade ago.<br />The loss is connected to South African retailer Steinhoff International, which is in the midst of an accounting scandal.<br />For JP Morgan, the equities team took a $143 million loss related to Steinhoff, while the corporate and investment bank marked a $130 million loss. <br />
