JPMorgan Loses $2 Billion on Unit’s ‘Egregious Mistakes’Dawn Kopecki, Michael J. Moore and Christine Harper
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the firm suffered a $2 billion trading loss after an “egregious” failure in a unit managing risks, jeopardizing Wall Street banks’ efforts to loosen a federal ban on bets with their own money.
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