Economy - Voice of America: JPMorgan Trading Losses Prompts New Probe, Concerns About Wall Street

Economy - Voice of America economy-and-business

JPMorgan Trading Losses Prompts New Probe, Concerns About Wall Street May 17th 2012, 01:11 JPMorgan is facing increasing pressure to explain recent losses.  Last week, the world's largest bank disclosed a loss of at least $2 billion from trades that were supposed to protect the firm from risk.  Now the FBI is looking into whether any laws were broken, and shareholders are looking for assurances that it won't happen again. Just days after JPMorgan Chase reported the loss, Jamie Dimon, the bank's embattled CEO, apologized to shareholders. "This should ... Media files: 3BF2FC41-EDCE-4269-93A1-B1A6F64F7DCB_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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