With shares losing
News of the loss also jolted other financial firms, but many of them recovered early losses during Friday's trading. Overall, the Dow Jones industrial average lost 34.44 points to 12,820.60 on the day, the Journal reported Sunday.
As regulators in
He has been identified as Bruno Michel Iksil. But he may have been following instructions. He has not been tagged with the label "rogue trader," which is usually a trader running up huge losses while circumventing a company's risk management process.
JPMogan Chief Investment Officer
In between Iksil and Drew is
The timing of the losses is also in question. Reportedly, the bank lost
But losses were also evident in the first quarter and executives were told at the time that the risks those losses had been contained.
That turned out to be a miscalculation, the Journal said.
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