Tuesday, May 15, 2012

Economy - Voice of America: US Investigates JPMorgan's $2 Billion Loss

Economy - Voice of America
economy-and-business
US Investigates JPMorgan's $2 Billion Loss
May 15th 2012, 20:29

News media in the United States are reporting that the federal government has opened a criminal investigation into the more than $2 billion trading loss sustained by the JPMorgan Chase & Co. investment bank. Sources told various news outlets on Tuesday that the Justice Department probe is at an early stage. The investigation is being started only days after JPMorgan's chairman and chief executive, Jamie Dimon, disclosed the loss that stemmed from complex trading transactions in the ...

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