The Justice Department is investigating the $ 2 billion trading loss of financial firm JPMorgan Chase & Co. with its sub-agency Federal Bureau of Investigation (FBI) leading the inquiry, according to an unnamed source cited by the Wall Street Journal. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Posts Tagged ‘loss’
FBI probes JPMorgan’s $2 billion trading loss
May 16th, 2012 
admin 
Posted in Business World 
Tags: fbi probes, Federal, firm, Investigation, investigation fbi, JPMorgan, loss, street journal article, wall street journal 
No Comments »JP Morgan exec steps down following bank’s $2 billion loss
May 15th, 2012 admin 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 [...]
Posted in Stock Market Tags: chief investment officer, Cooperative, Ina, jamie dimon, jp morgan chase, loss, matt zames, Morgan, trade No Comments »Sony to lay off 10,000 workers after $6.4B loss
April 12th, 2012 admin Sony’s new CEO Kazuo Hirai announced Thursday that 10,000 employees will be laid off in fiscal 2012. The statement follows the company’s earlier announcement that it expects to post a loss of $ 6.4 billion for the fiscal year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Posted in Business World Tags: 4b, announcement, business, economy, economy business, fiscal year, kazuo hirai, loss, rights No Comments »RIMM first loss in 7 years weighs on outlook
March 30th, 2012 admin BlackBerry maker Research in Motion posted its first loss in seven years Thursday after the close. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Posted in Business World Tags: blackberry, business, economy business, finance, loss, Motion, research in motion, rights, seven years No Comments »FDA warns statin users of memory loss and diabetes
March 1st, 2012 admin The FDA on Wednesday added new safety warnings to cholesterol reducing statin drugs, noting increased risks of Type 2 diabetes and memory loss for patients who take the medications. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Posted in Business World Tags: business, economy, finance, loss, memory loss, rights, safety warnings, statin drugs, type 2 diabetes No Comments »Retail investors buy despite £20bn loss
September 25th, 2011 admin The value of private shareholdings dropped by a total of £34bn between the end of May and September 22 according to figures compiled by Capita View full post on Business Stories
Posted in Stock Market Tags: Capita, loss, post, retail investors, shareholdings, total, View No Comments »UBS charges date back to 2008
September 16th, 2011 admin Kweku Adoboli, who has been charged with fraud over a $2bn loss at the bank, was remanded in custody in London View full post on UK Business Stories
Posted in Make Money Investing Tags: business, fraud, Kweku, London, loss, post, UBS, uk business, View No Comments »Bluescope news ‘devastating’ for families
August 21st, 2011 admin THE loss of more than 1000 jobs at BlueScope Steel is a devastating blow for the retrenched workers and the manufacturing industry, the Australian Workers Union (AWU) says. View full post on Business Stories
Posted in Stock Market Tags: australian workers union, AWU, business, Jobs, loss, manufacturing, manufacturing industry, post No Comments »Tropicana reports smaller loss on boost from remodeling work
May 13th, 2011 admin Tropicana Las Vegas Hotel and Casino Inc. on Friday reported a smaller first quarter loss as business picked up thanks to the completion of remodeling work. View full post on Business Stories
Posted in Stock Market Tags: casino inc, loss, post, quarter loss, Tropicana, tropicana las vegas, tropicana las vegas hotel, Vegas, work No Comments »Samsung Stock to Drop as Apple Adds to Challenges, BGC Says
May 5th, 2011 admin Samsung Electronics Co. shares are poised to drop amid increased competition and the possible loss of orders from iPad-maker Apple Inc., BGC Partners Inc. said, recommending a so-called short sale of the stock. View full post on Finance Stories
Posted in Stock Market Tags: BGC, bgc partners, finance, Inc, loss, partners inc, post, samsung electronics, samsung electronics co, stock view No Comments »