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JPMorgan loss a risk control failure: expert
After JPMorgan Chase announced a $2 billion loss on derivatives since March, share prices plunged Friday, leaving the bank's reputation in tatters. Gregori A. Volokhine of Meeschaert Capital Markets, Inc. dubbed the shocking loss a risk control failure, which the pugnacious chief executive Jamie Dimon must have authorized.
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JPMorgan loss a risk control failure: expert
After JPMorgan Chase announced a $2 billion loss on derivatives since March, share prices plunged Friday, leaving the bank's reputation in tatters. Gregori A. Volokhine of Meeschaert Capital Markets, Inc. dubbed the shocking loss a risk control failure, which the pugnacious chief executive Jamie Dimon must have authorized.
Date: 12-05-11
Views: 135
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AFP
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