JPMorgan Unit’s London Staff May Go as Loss Prompts Exits
By Dawn Kopecki – May 14, 2012 7:41 AM PT http://bloom.bg/KCBEo9 The entire London staff of JPMorgan Chase & Co. (JPM)’s chief investment office is at risk of dismissal as a $2 billion trading loss prompts the…
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…
