trading losses

Top 10 Financial Scandals of All Time

Massive financial losses are joined by political double-dealings, public spectacles, pyramid schemes, celebrity downfalls, rouge traders and a few Nazis.

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.