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   
  • JPMorgan execs tied to big trading loss are expected to leave bank
    The first heads are expected to roll ... 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 losses are expected to leave the firm, although it is unclear ...
    05/14/2012 - 4:04 am | 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 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
  • REFILE-UPDATE 5-JPMorgan execs set to leave, sources say
    May 13 (Reuters) - 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 ... He said the huge trading loss was not "life threatening ...
    05/13/2012 - 11:16 am | 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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