One of the most powerful women on Wall Street was ousted Sunday as heads began to roll at JPMorgan Chase in the wake of its staggering $2 billion trading loss.

Topics:  wall street   jpmorgan chase   billion   loss   
BING NEWS:
  • JPMorgan execs tied to big trading loss are expected to leave bank
    The first heads are expected to roll as early as this week at JPMorgan Chase & Co., after the disclosure of a $2-billion trading loss that has rekindled ... Drew has offered to resign multiple times and her resignation is likely to be accepted this week ...
    05/14/2012 - 4:04 am | View Link
  • Reports: JPMorgan's Losses Could Top $4 Billion; Key Exec Departs
    Three high-ranking executives, including one of the most powerful women on Wall Street, are expected to resign from JPMorgan Chase this week because of their roles in the $2.3 billion loss the bank recently suffered when some risky trades blew up in its face.
    05/14/2012 - 12:45 am | View Link
  • JPMorgan Chase execs expected to resign over $2B loss
    Executives at JPMorgan Chase & Co. are expected to resign after the bank lost $2 billion or more with a failed hedging strategy using derivatives, Reuters reports. Chief Investment Officer Ina Drew and two of Drew’s subordinates who were involved ...
    05/13/2012 - 11:33 pm | View Link
  • Three JPMorgan execs are expected to resign
    NEW YORK • JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder ... had offered to resign several times, the source said. CEO Jamie Dimon disclosed ...
    05/13/2012 - 9:00 pm | View Link
  • Three JPMorgan Chase execs to resign in wake of epic $2 billion trading loss
    One of the most powerful women on Wall Street was ousted Sunday as heads began to roll at JPMorgan Chase in the wake of its staggering $2 billion trading loss ... Street Journal said the other two ousted execs were Achilles Macris, who ran the London ...
    05/13/2012 - 3:25 pm | View Link
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  • Ina Drew, Jamie Dimon and JPMorgan Chase’s $6 Billion ...
    The JPMorgan Chase headquarters (below) and the building where Ina Drew was given an office after leaving the bank (top). Christaan Felber for The New York ...
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