Friday, May 11, 2012
JPMorgan $2 billion loss hits shares, credit, image
NEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street's most respected banks embarrassed chief executive Jamie Dimon, a leader lauded
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