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 - 4:04 am | View Link
  • REFILE-UPDATE 5-JPMorgan execs set to leave, sources say
    May 13 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 - 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
  • 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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