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JPMorgan Unit’s London Staff May Go as Loss Prompts Exits

The entire London staff of JPMorgan Chase & Co.’s chief investment office is at risk of dismissal as a $2 billion trading loss prompts the first executive departures as soon as this week, a person familiar with the situation said.

Ina Drew, who oversees the unit, resigned today, the bank said in a statement. Joseph Evangelisti, a bank spokesman, said before her departure was announced that Drew would have no comment. While the firm is examining whether anyone in the unit, which employs a few dozen people in London, sought to hide risks, there isn’t yet evidence that’s the case, one of the people said.