JP Morgan boss admits he was 'dead wrong' over £1bn loss



JP Morgan chief Jamie Dimon admitted yesterday he was "dead wrong' to dismiss concerns over the toxic gambles which cost the bank £1.2billion as a "tempest in a teapot'.
On Thursday night the bank shocked the markets when it announced the losses, made by a team of London-based traders tasked with managing its risk.
Dimon now faces more searching questions from regulators in the US and UK.
read more

 
13 May 2012 in Business, Views: 6
Source: Daily Mail
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31