trading losses

JPMorgan Hid London Whale Trading Risks, Senate Panel Says

A Senate panel issued a scathing report on JPMorgan's $6.2 billion trading loss last year, saying the bank ignored growing risks and hid losses from investors and regulators.

JPMorgan CEO Sees Pay Slashed Over London Whale Trading Loss

JPMorgan Chase reported a 55 percent jump in earnings for the fourth quarter as mortgage fees and other income surged. The bank also released its reviews of a $6 billion trading loss that drew sanctions from regulators, and said it would cut CEO Jamie Dimon's pay by more than half as a result.

JPMorgan's $2 Billion Loss Stuns Market; Bank Stocks Sink

JPMorgan Chase stock lost more than 8% of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a trading group that manages the risks the bank takes with its own money.