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By: AAP | Business News | Monday May 14 2012 11:32
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The Wall Street Journal says three executives at JPMorgan Chase, the largest bank in the United States, are expected to leave their jobs this week after a $US2 billion ($A1.99 billion) trading blunder. The Journal, citing people familiar with the situation, reported that one of the executives is Ina Drew, who for seven years has run the risk-management division at the bank responsible for the loss. The other two identified by the newspaper are an executive in charge of the London desk that placed the trades and a managing director on that team. The $US2 billion loss, disclosed on Thursday by CEO Jamie Dimon, has been an embarrassment for the bank and led lawmakers and critics of the banking industry to call for tougher regulation of Wall Street. Photo: Getty Images |
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Wednesday, May 15, 2013
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