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U.S. Banks
$5.8 Billion in ‘Hidden’ Losses from JPMorgan
"This has shaken our company to the core," CEO Jamie Dimon said on Friday. The issue could amount to criminal charges against traders involved at the bank. The bank has fired all managers in London responsible for the trade and was taking action to revoke two years worth of pay from the executives.
Read it at Aljazeera
1 comments on "$5.8 Billion in ‘Hidden’ Losses from JPMorgan"
July 14, 2012 11:09am
Isn't it interesting how no-one in Washington of either party are talking about regulating banks ?./ after the foreclosures ?? the bad management ?? the bailout without any accountibility - "IT'S CRUMBLING AGAIN??"
...THE ATTEMPTED TAKEOVER OF THE WORLD'S FINANCIAL SYSTEM IS A FAILURE THEY DO NOT WANT TO TALK ABOUT....sit back and watch as the Euro crumbles - and try to imaage what that is going to cost us........