JPMorgan (JPM) Said to Transform Treasury to Prop Trading

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon has transformed the bank’s chief investment office in the past five years, increasing the size and risk of its speculative bets, according to five former executives with direct knowledge of the changes. Achilles Macris, hired in 2006 as the CIO’s top executive in London, led [...]