JP Morgan CEO Jamie Dimon, and Obama Administration insider, said: "This puts egg on our face."
How did this happen? Why did this happen? One analyst noted that JP Morgan tried to hedge its over-hedge positions. Leverage does as leverage does.
Friday, May 11, 2012
JPMorgan Chase: Billions in Trading Losses
JPMorgan Chase not hedging well at all
One of the world's largest banks, JP Morgan, has reported hedging strategy losses of well over $2 billion U.S.
JP Morgan CEO Jamie Dimon, and Obama Administration insider, said: "This puts egg on our face."
How did this happen? Why did this happen? One analyst noted that JP Morgan tried to hedge its over-hedge positions. Leverage does as leverage does.
JP Morgan CEO Jamie Dimon, and Obama Administration insider, said: "This puts egg on our face."
How did this happen? Why did this happen? One analyst noted that JP Morgan tried to hedge its over-hedge positions. Leverage does as leverage does.
