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:
  • 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 executive becomes first casualty of bad trade
    NEW YORK — The executive responsible for trading ... were expected to resign soon. The Journal also reported that Bruno Iksil, the JPMorgan trader identified as the "London whale" because of the giant bets he placed, was also likely to leave, but the ...
    05/14/2012 - 1:29 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
  • Heads begin to roll at JPMorgan after losing £1.25bn in 'Voldemort' banker fiasco with two London execs shown the door
    Two London-based executives were forced out of crisis-hit JPMorgan Chase as heads begin to roll in the wake of the £1.25billion trading loss fiasco ... was expected to depart along with one of his senior lieutenants, Javier Martin-Artajo.
    05/14/2012 - 12:02 am | View Link
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