Posts Tagged ‘ $2 billion losses jp morgan ’

JP Morgan Claims $2 Billion In Losses, Dodd Frank – Volcker Rule Speculation Rises

May 11, 2012
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losing money black hole

JP Morgan Claims $2 Billion In Losses, Dodd Frank – Volcker Rule Speculation Rises: JP Morgan chief executive officer Jamie Dimon revealed to the press yesterday that the company would be taking deep losses in the next quarter due to errant trading that cost the company billions.  Investors were caught off guard when JP Morgan…

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