Financial Industry, 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.

JPMorgan CEO: 'Dead wrong' about trading concerns

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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