Wednesday, 16 May 2012
Are We Overstating the Problems At JP Morgan Chase?
Posted on 18:40 by Unknown
When you take the topline figure that JP Morgan Chase lost $2 billion on a bad hedge position that presented undue risk to the bank, that looks like tremendously bad news. Even the Justice Department is opening investigations into the circumstances behind the loss. The investigation centers on whether the bank was hedging risk or seeking to profit from risky trades (and semantics is what this is
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