This might be a foreign concept to some people, but banks are for-profit businesses. If one of their products is not making them (enough) money, they'll dump it

This might be a foreign concept to some people, but banks are for-profit businesses. If one of their products is not making them (enough) money, they'll dump it... just like other businesses. The article describes JPMorgan's announcement as "spin". They aren't spinning anything. They are just end-of-lifing a poor performing product. Get over it.