JPMorgan (JPM) Trading Lost May Widen to $5 Billion: Report
Posted on May 20, 2012 at 05:39 AM EDT
JPMorgan (JPM) CEO Jamie Dimon faces new challenges as the firm’s losses from derivatives trading have surpassed $2 billion, and they could over time reach $5 billion, according to the Wall Street Journal. But the overall losses could be even bigger if JPM sells its complex trading position into a market that has turned against [...]