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 dips into cookie jar to offset ‘London Whale’ losses
    The second is selling assets with high income that they can’t replace’ NEW YORK — JPMorgan Chase & Co has sold an estimated US$25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank’s ...
    05/29/2012 - 12:31 am | 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 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
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