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 Resignations: Three Executives At Bank Reportedly Will Resign Following $2 Billion Loss
    NEW YORK (AP) -- Three high-ranking executives at JPMorgan Chase are expected to leave their jobs this week ... were a "tempest in a teapot." The loss came in the past six weeks. Dimon has said it came from trading in so-called credit derivatives and ...
    07/12/2012 - 10:12 pm | View Link
  • Three Executives at JPMorgan Chase Slated to Resign After Fail Whale Trades
    Two of Drew’s subordinates who were involved with the trades, London-based Achilles Macris and Javier Martin-Artajo, are also expected to be asked to leave ... this kind of staggering loss in a relatively placid trading environment makes the case ...
    05/14/2012 - 4:42 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 executives to leave over trading loss-sources
    LONDON/NEW YORK, May 14 (Reuters) - JPMorgan will move to limit the fallout from a shock trading loss that could reach $3 billion ... Macris and Javier Martin-Artajo, are also expected to be asked to leave, they said. Neither was available for comment ...
    05/14/2012 - 12:14 am | View Link
  • JPMorgan execs set to leave, sources say
    REUTERS - Three top executives involved with a failed hedging strategy that cost JPMorgan Chase & Co (JPM.N) 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 - 7:50 pm | View Link
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