JPMorgan Chase has shocked the markets by revealing a trading loss of over two billion dollars.
It admitted there had been "errors" and "bad judgement" while it was attempting to protect itself against losses through a process known as hedging.
The losses could increase by another one billion, the bank said.
...
http://www.euronews.net/
JPMorgan Chase has shocked the markets by revealing a trading loss of over two billion dollars.
It admitted there had been “errors” and “bad judgement” while it was attempting to protect itself against losses through a process known as hedging.
The losses could increase by another one billion, the bank said.
…
http://www.euronews.net/
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