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JP Morgan Chase loses $2 billion in 5 weeks JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. US Stock Futures Fall After PPI Data as JP Morgan Chase Weighs US Stock Futures Fall After PPI Data as JP Morgan Chase Weighs US Stock Futures Fall As JP Morgan Chase's Trading Loss Weigh US Stock Futures Fall As JP Morgan Chase's Trading Loss Weigh JP Morgan Chase acknowledges $2B trading loss JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in a trading portfolio designed to hedge against risks the company takes with its own money. JP Morgan Chase loses $2B in risky hedging, CEO calls resulting coverage 'tempest in a teapot' The chief investment office has been transformed in recent years under Dimon into a unit that makes bigger and riskier speculative bets with the bank's money, according to five former employees. JP Morgan posts surprise $2 billion trading loss The biggest bank in the US, JP Morgan Chase, revealed overnight a massive, surprise trading loss of $2 billion, on complex investments made by its traders. JPMorgan $2B Loss Roils Markets JP Morgan Chase & Co. is rocking the financial markets with the disclosure that its in-house trading operating lost $2 billion in the past six weeks, raising new questions about whether the big banks that caused the financial meltdown have sufficiently changed their ways. JP Morgan Reveals $2 Billion Loses By 'Sloppiness', 'Many Errors', 'Bad Judgment JP Morgan Chase, America's biggest bank, issued a surprise trading update after U.S. markets had shut on Thursday, admitting it had incurred $2 billion (£1.2 billion) of trading losses in the past six weeks. Chatter: JP Morgan takes a hit America's biggest bank, JP Morgan Chase, has announced an unexpected trading loss of at least $2 billion. The bank's Chief Investment Office, which manages risk, bet big and lost. read more JP Morgan in $2bn shock loss JP Morgan Chase has suffered a trading loss of $2bn (£1.2bn), its chief executive Jamie Dimon revealed last night.
Key Words: jp morgan chase

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