Monday, 21. May 2012

JP Morgan Trade Losses Could Reach $5 Billion… Or More


When JPMorgan first announced that its CIO office had blundered into a huge trading loss, the number was pegged at $2 billion, though the company said it could go higher.

Then the loss was reported to be $3 billion.

And now....

$5 billion or more?

businessinsider.com wsj.com

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