- WASHINGTON -- Regulators are looking into the $2-billion trading loss by JPMorgan Chase Co. (Los Angeles Times)
- NEW YORK/LONDON (Reuters) - JPMorgan Chase Cos shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon. (msnbc.com)
- A $2 billion trading loss is a drop in the bucket for strongly capitalized, profitable banking giant with a $15 billion share buyback program in place. (MSN Money)
- JPMorgan Chase Co. (Businessweek)
- Bank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase would lead to tougher regulation of financial institutions. (Newsday)
- JPMorgan Chase plunged nearly 10 percent on opening Friday after reporting shock $2 billion derivatives losses, pulling down the US markets. (YAHOO!)
- AFL-CIO President Richard Trumka said JPMorgan Chase Co. (JPM)'s $2 billion trading loss shows that left unchecked, Wall Street will lead the U.S. economy "off a cliff, just like they tried to the last time. (Bloomberg)
- NEW YORK, May 11 (UPI) -- U.S. stock markets Friday defied a global downturn and a jolting $2 billion loss announced by investment bank JPMorgan Chase. (United Press International)
- LONDON -- JPMorgan Chase is reportedly facing regulatory scrutiny on both sides of the Atlantic, a day after the firm disclosed an estimated $2 billion of trading losses incurred at its chief investment office. (New York Post)
Friday, May 11, 2012
Jpmorgan chase
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