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   
  • JPMorgan execs expected to leave over loss: Sources
    Three executives involved with the failed hedging strategy that has left JPMorgan Chase & Co with a USD 2 billion trading loss and a tarnished reputation are expected to leave the bank this ... a portfolio of derivatives tied to the creditworthiness ...
    05/14/2012 - 4:32 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 - 4:32 pm | View Link
  • JPMorgan replaces head of unit faulted for $2 billion loss
    Ina Drew, the JPMorgan Chase & Co. executive who headed the bank's unit responsible for a stunning $2 billion trading loss, will retire, the bank announced. Chief Investment Officer Drew will step down after more than 30 years with the bank, though the ...
    05/13/2012 - 1:00 pm | View Link
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  • Former JPMorgan employees charged in 'London whale' case ...
    Former JPMorgan employees charged in 'London whale' case. ... Former 'London Whale' boss at JP Morgan ... execs tied to big trading loss are expected to ...
    08/16/2013 - 4:45 am | View Website
  • JPMorgan Executives Come and Go as Vote Nears
    Another Executive Leaves JPMorgan, ... the fallout from a multibillion-dollar trading loss in ... big JPMorgan shareholder who has yet to vote and ...
    04/28/2013 - 7:56 pm | View Website
  • JPMorgan CIO retires, Obama says proves reform case | Reuters
    ... officials over the trading loss and its ... trading book at JPMorgan said the bank’s ... of senior JPMorgan executives in their mid ...
    05/14/2012 - 7:55 pm | View Website
  • JPMorgan executive resigns after trading loss | News | Al ...
    JPMorgan executive resigns after trading loss. Chief investment officer quits in wake of US bank's $2bn trading blunder with more senior executives expected to quit.
    05/14/2012 - 12:09 pm | View Website
  • Three senior executives at JP Morgan may quit: Report ...
    Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative ...
    05/14/2012 - 10:58 am | View Website
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