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JP Morgan chief reveals $2bn trading loss

Posted by seumasach on May 11, 2012

JP Morgan chief reveals $2bn trading loss caused by ‘sloppiness’

Guardian

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.

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