JP Morgan Horror Show: $2bn loss reported
After trading hours today US banking giant JP Morgan admitted that its CIO division had managed to lose it $2bn. This was only months after Jamie Dimon had called the event "a tempest in a teapot". Obviously not - unless the teapot cost $25bn.
- JP Morgan makes the announcement....
JPMorgan Chase Says CIO Unit Suffered 'Significant' LossJPMorgan Chase & Co. (JPM) said it lost about $2 billion tied to synthetic credit securities after positions taken by its chief investmen...- JP Morgan shares react....
Shares of JP Morgan slip after hours as executives disclose 'significant' losses in trading group - @nytimes nyti.ms/JhbBp1
JPMorgan said it has suffered $2B in trading losses since start of April. $JPM stock down 6% after-hours cnnmon.ie/J3QLDq- Although Bloomberg did talk about the story a month ago....
JPMorgan Trader's Positions Said to Distort Credit IndexesA JPMorgan Chase & Co. (JPM) trader of derivatives linked to the financial health of corporations has amassed positions so large that he'...- And this....
JPMorgan Trader Iksil Fuels Prop-Trading Debate With BetsJPMorgan Chase & Co. (JPM) trader Bruno Iksil's outsized bets in credit derivatives are drawing attention to a little-known division that...- And a few days later...
JPMorgan's Iksil May Spur Regulators to Dissect TradingMarket-moving trades by JPMorgan Chase & Co. (JPM)'s chief investment office probably will force regulators to seek more detail on banks'...- Dimon at the time ignored what was going on....
PULSE: Dimon: London Whale issues "tempest in a teapot"NEW YORK (MarketWatch) -- Jamie Dimon, chief executive of J.P. Morgan Chase & Co. JPM, told analysts Friday that the media attention on t...- The reactions from the Twitverse.....Some of which were better than others....
RT @finansakrobat: I found the money JP Morgan Chase just lost. http://pic.twitter.com/z5SgABOV
More betting on Wall Street. This is not investing, its gambling. No more bailouts for them.... fb.me/sIBpKgWn- A lot of blame has been put on a London 'whale' who placed a lot of the bets - Bruno Iksil
- FT Alphaville " These are the voyages of the JP Morgan CIOBruno Iksil - a.k.a Voldemort - coverage at Bloomberg is getting a tad, should we say, compulsive. The latest follow up sees the news age...
If you're looking for background on the "London Whale," read this on.wsj.com/I9n5np $JPM- And a dirty limerick.....
