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's Earnings Quietly Signal Housing Rebound
    While JPMorgan's earnings were boosted by top-line mortgage origination growth, the bank also benefitted from an improvement in the expected loss ... most tied to the U.S. economy improve, questions are likely to remain about its trading losses.
    07/13/2012 - 5:12 am | View Link
  • 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
  • JPMorgan CIO chief Drew quits after trading loss
    JPMorgan Chase & Co (JPM-N) sacrificed investment chief Ina Drew on Monday in response to trading losses that could reach $3 ... who the sources had also said were expected to leave. Neither could be reached for comment earlier on Monday.
    05/13/2012 - 1:00 pm | View Link
  • UPDATE 1-JPMorgan execs expected to leave over loss-sources
    CEO Jamie Dimon said when he announced the loss Thursday that the bank was continuing to investigate what went wrong and that disciplinary actions would be taken.
    05/12/2012 - 1:00 pm | View Link
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