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.

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  1. JP Morgan makes the announcement....
  2. JP Morgan shares react....
  3. Although Bloomberg did talk about the story a month ago....
  4. And this....
  5. And a few days later...
  6. Dimon at the time ignored what was going on....

  7. The reactions from the Twitverse.....Some of which were better than others....
  8. $JPM hedge against bad market environment created bad market environment. Jamie never loses people.
  9. A lot of blame has been put on a London 'whale' who placed a lot of the bets - Bruno Iksil
  10. And a dirty limerick.....
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