JP Morgan trader blows $13bn hole in bank

The Guardian by Jill Treanor, Simon Neville | May. 12, 2012 (News Report)

Shockwaves spread across markets after $2bn trading loss at US bank, which had campaigned to water down regulations The City trader at the centre of a $2bn trading loss at JP Morgan Chase had returned to his home in Paris on Friday as the repercussions of the loss spread across the markets. Some $13bn was wiped off the value of America's largest bank after it admitted the scale of the trading activities of Bruno Iksil – nicknamed the London Whale for his ... Full Story »

Posted by Fabrice Florin - via NewsRack (Poverty)

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Subjects: World, U.S., Politics, Business, Living, Health, Community
Topics: Global Economy, Poverty, U.S. Economy, Money and Politics, Corporate Governance, Finance, Housing
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Posted by: Posted by Fabrice Florin - May 12, 2012 - 7:24 PM PDT
Reviewed by: Fabrice Florin (review), Texas Banks (review)
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 by Fabrice Florin - May. 13, 2012
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