Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Dimon Says Derivatives Made Several Billion Dollars Before Slump

JPMorgan Chase Ceo Jamie Dimon
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during a Senate Banking Committee hearing in Washington, D.C. on June 13, 2012. Photographer: Andrew Harrer/Bloomberg

JPMorgan Chase & Co.’s credit derivatives portfolio responsible for a $2 billion trading loss made “several billion dollars” in profit in the three or so years before the trades turned against the company, Chief Executive Officer Jamie Dimon said.

“The synthetic credit portfolio made several billion dollars” before the company’s May 10 announcement that a wrong-way bet in repositioning the book went bad, Dimon said at a hearing of the Senate Banking Committee today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.