London Whale

JPMorgan Top Executives Set to Leave Following $2 Billion Trading Loss
May 14th, 2012

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.

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.