Posts Tagged ‘jamie dimon’

JP Morgan exec steps down following bank’s $2 billion loss

Diane Alter – Fourth Estate Cooperative Reporter New York, NY, United States (4E) – Following JP Morgan Chase’s admitted $ 2 billion blunder, the bank’s chief investment officer has stepped down. The bank behemoth announced Monday that Ina Drew resigned following the bank’s $ 2 billion loss caused by a trade involving derivatives that was […]

U.S. markets open lower sparked by trading losses at JP Morgan Chase

Diane Alter – Fourth Estate Cooperative Reporter New York City, NY, United States (4E) – U.S. stocks opened lower Friday morning after JP Morgan Chase’s trading losses spooked investors. Right after the opening bell on Wall Street, the Dow Jones Industrial Average dropped 64 points, the S&P 500 Index fell 6 points and the NASDAQ […]