Finance Geek

In mid-April, Jamie Dimon described reports of problems with JPMorgan’s so-called ‘London Whale’ trade as “a tempest in a teapot.” On Friday, Dimon was singing a very different tune as the firm put losses on the trade at $5.8 billion, with the potential to grow another $1.6 billion in an worst-case scenario. How this saga [...]

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This entry was posted on Friday, July 13th, 2012 at 11:34 am and is filed under Yahoo Tech Ticker. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.