JP Morgan chief reveals $2bn trading loss
Posted by seumasach on May 11, 2012
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Posted by seumasach on May 11, 2012
JP Morgan chief reveals $2bn trading loss caused by ‘sloppiness’
11th May, 2012
JP Morgan Chase, America’s biggest bank, issued a surprise trading update after US markets had shut on Thursday, admitting it had incurred $2bn (£1.2bn) of trading losses in the past six weeks.
This entry was posted on May 11, 2012 at 7:37 pm and is filed under Financial crisis. Tagged: financial collapse. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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