JP Morgan Has Trading Loss Of At Least $2 Billion, Reputation Hit

Yahoo Finance- May 10, 2012

JP Morgan Chase & Co. said on Thursday that it had suffered a trading loss of at least $2 billion from a failed hedging strategy, a surprising disclosure that hit financial stocks and the reputation of the bank and its prominent CEO, Jamie Dimon. (read full story here.)

This happens when someone goes “all-in.”
Lo, how the mighty hath fallen.

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