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

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Senate probe finds JPMorgan hid trading risks

A Senate panel has issued a scathing assessment of JPMorgan's $6.2 billion trading loss last year. The investigation found that bank officials ignored growing risks and hid losses from investors and federal regulators.

 

DealBook: Live Blog: Senate Banking Hearing on JPMorgan

Jamie Dimon, the chief executive of JPMorgan Chase, is testifying on Capitol Hill about a failed derivatives trade that could cost the bank as much as $5 billion in losses.

 

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