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JP Morgan $2bn loss: Bank facing investigation by regulators

thisismoney.co.uk
Saturday, 12 May 2012

The US investment bank has been told by the Financial Services Authority to hand over details of its gambles on complicated investments which backfired spectacularly.
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Source: IBTimes.com - on May 11, 2012

News video: JPMorgan CEO Jamie Dimon: $2 Billion Trading Loss Could Spread to Another Billion or More

JPMorgan CEO Jamie Dimon: $2 Billion Trading Loss Could Spread to Another Billion or More

JPMorgan Chase announced on Thursday it suffered a trading loss of at least 2 billion dollars from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon.

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