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.

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Topics:  jpmorgan chase    co   wall   street   expected   trading loss   early   
BING NEWS:
  • JPMorgan Execs To Leave Over $2B Loss, Warren Tells Dimon To Resign From NY Fed
    (REUTERS) - JPMorgan will move to limit the fallout from a shock trading loss that could reach $3 billion or ... London-based Achilles Macris and Javier Martin-Artajo, are also expected to be asked to leave, they said. Neither was available for comment ...
    05/14/2012 - 5:35 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 - 4:04 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. Achilles Macris, who ran the London desk that made the botched trades, was expected to depart along with ...
    05/13/2012 - 8:49 pm | 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 - 7:54 pm | View Link
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