JPMorgan Wins Case Against Trader Over Decimal Point Dispute

jp morgan chase

Wall Street Week in Review 5/11/2012: JP Morgan Chase hit with $2billion loss, Goldman Unwinds Hedge Fund Bets ahead of Volcker Rule

JPMorgan Reports $2Billion Loss JP Morgan reported after the trading day yesterday a $2 billion loss in its Chief Investment Office. CEO Jamie Dimon attributed this whopper to hedges of “synthetic credit securities.” Perhaps the bank should have stuck with the real thing? But ...Read More
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