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Bank stocks hurt after surprise US$2b JPMorgan trading loss

Shanghai Daily
Friday, 11 May 2012

JPMORGAN Chase stock lost as much as more than 9 percent of its value yesterday after the bank, the largest in the US, revealed a monster US$2 billion loss in a trading group that manages the risks the bank takes with its own money.
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Source: Bloomberg - on May 11, 2012

News video: JPMorgan Trading Loss Own Words

JPMorgan Trading Loss Own Words

May 11 (Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., and Bloomberg's Dawn Kopecki and Christine Harper talk about JPMorgan's $2 billion trading loss after what Dimon said was an "egregious" failure

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