Jpmorgan Execs Tied To Big Trading Loss Are Expected To Leave Bank

Three employees involved in the unit at fault for the $2-billion blunder are said to be exiting as early as this week.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 fears about excessive risk taking on Wall Street.

Topics:  jpmorgan chase    co   wall   street   expected   trading loss   early   
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 fears about excessive risk taking on Wall Street. Three employees involved in the unit at fault for the ...
    05/14/2012 - 3:33 am | View Link
  • JPMorgan Execs To Leave Over $2B Loss, Warren Tells Dimon To Resign From NY Fed
    (REUTERS) - JPMorgan will move to limit the fallout from a shock trading loss that could reach $3 billion or ... London-based Achilles Macris and Javier Martin-Artajo, are also expected to be asked to leave, they said. Neither was available for comment ...
    05/13/2012 - 9:35 pm | View Link
  • Obama's Wall Street problem
    OBAMA’S WALL STREET PROBLEM - POLITICO’s Ben White on today’s front: “The giant $2 billion trading loss ... EXECS ON WAY OUT - Reuters’ David Henry: “Three executives involved with the failed hedging strategy ... are expected to leave the ...
    05/13/2012 - 6:26 pm | View Link
  • JPMorgan execs expected to leave over loss: Sources
    Three executives involved with the failed hedging strategy that has left JPMorgan Chase & Co with a USD 2 billion trading loss and a tarnished reputation are expected to leave the bank this ... a portfolio of derivatives tied to the creditworthiness ...
    05/13/2012 - 4:32 pm | View Link
  • JPMorgan execs set to leave: sources
    Three top executives involved with a failed hedging strategy that cost JPMorgan Chase & Co at least $2 billion and tarnished its reputation are expected to leave the bank this ... He said the huge trading loss was not “life threatening” to JPMorgan.
    05/13/2012 - 1:00 pm | View Link
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