JP Morgan's $2 billion blunder
May 11, 2012 11:47
More on that in a bit.
Meanwhile the Wall Street Journal says that a massive trading bet boomeranged on J.P. Morgan Chase JPM +0.25%& Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dimon, with a rare black eye following a long run as what some called the "King of Wall Street."