SEC Opens Review of JPMorgan
By JEAN EAGLESHAM http://on.wsj.com/KVGYzW The Securities and Exchange Commission has begun reviewing J.P. Morgan ChaseJPM -9.28% & Co.’s disclosures related to the $2 billion trading loss announced by the company Thursday, according to a person familiar with…
JPMorgan Reveals Shock $2 Billion Trading Loss on Investments
http://bbc.in/JgjzMk JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex investments made by its traders. Chief executive Jamie Dimon blamed “errors, sloppiness and…
