Latest

JPMorgan Chase trading loss

Summary & Links:

Keith Bedford / Reuters
Keith Bedford / Reuters
JPMorgan Chase disclosed on May 10, 2012, that it had lost more than $2 billion in trading. Jamie Dimon, the chief executive of JPMorgan, blamed “errors, sloppiness and bad judgment” for the loss, which stemmed from a hedging strategy that backfired. - DealBook

Related locations: