JPMorgan 2Billion loss

JPMorgan Trading Loss Shows Little Has Changed Since The Financial Crisis
May 12th, 2012

JPMorgan revealed on Thursday that it had lost about $2 billion from risky bets on opaque derivatives at a London trading desk.

JPMorgan Shares Slump 6.5pc After Jamie Dimon Reveals $2 Billion Trading Loss
May 11th, 2012

JPMorgan Chase chief executive Jamie Dimon has shocked Wall Street by disclosing the bank racked up $2bn (£1.2bn) of trading losses in the past six weeks and warned they could get worse.