J.P. Morgan restructures unit that had $2 billion losss-report
Posted on May 30, 2012 at 20:41 PM EDT
May 31 (Reuters) - J.P. Morgan Chase & Co is spinning off the "special investments group" from its scandal-plagued chief investment office (CIO) in a bid to overhaul the division that cost the bank more than $2 billion in trading losses this month, the Financial Times reported.