Was JP Morgan Beting Against Itself In The ‘Whale’ Trade

A year ago in May 2012 JP Morgan made a loss on credit derivatives trading, which chief executive Jamie Dimon blamedJP on errors,sloppiness and bad judgement” and warned “could get worse”. Understanding JP Morgan Loss .

Here are some of the findings by The U.S. Senate Permanent Committee on Investigations, which launched an inquiry into the trading loss last fall, is looking into the how different divisions of the bank wound up on opposite sides of the same trade, said one of the people familiar with the matter. source Reuters   Continue reading “Was JP Morgan Beting Against Itself In The ‘Whale’ Trade”