DerivativesTrading

JPMorgan's 'London Whale' Losses May Hit $9 Billion

JPMorgan Chase & Co is under renewed scrutiny in the wake of a The New York Times report that losses from a bungled credit-derivatives trade could be as much as $9 billion, much more than earlier estimated.

Jamie Dimon Quickly Filets the London Whale's Costly Trades

After all the furor surrounding JPMorgan Chase's $2 billion-plus loss on a massive derivatives bet, it now looks like it mya have been "tempest in a teapot" after all. JPMorgan has already exited 70% of the "London Whale" positions that got the bank into hot water.