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