News And Information On Wall Street, The Crooks That Run It, The Money Wall Street Uses To By Politicians And Coverage Of The People Standing Up To This Greed And Corruption
Friday, July 13, 2012
JP Morgan Chase CEO Denies That Growing Trading Losses Prove His Bank Is Too Big To Manage
JP Morgan Chase CEO Denies That Growing Trading Losses Prove His Bank Is Too Big To Manage: JP Morgan Chase CEO Jamie Dimon held a conference call today to announce the bank’s latest earnings and address the mounting losses from the so-called “London Whale” trade. So far, the bank’s losses from that trade total nearly $6 billion, and could be headed north to $9 billion. During the call, one analyst asked Dimon [...]/p