Stocks, Jp Morgan Chase $2b Trading Loss | featured news

JPMorgan says bad trade has ballooned to $5.8B

JP Morgan Chase

JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly tried to conceal the blunder.

 

JPMorgan exec expected to resign, AP source says

JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday....

 

JPMorgan CEO: 'Dead wrong' about trading concerns

Jamie Dimon

The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was "dead wrong" when he dismissed concerns about the bank's trading last month.

 

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