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Unbelievable! JP Morgan suffers $2bn trading loss from failed hedging

May 11, 2012

Unbelievable! JP Morgan suffers $2bn trading loss from failed hedging

A flawed, complex, poorly reviewed, poorly executed and poorly monitoredderivatives trading strategy has cost JPMorgan Chase $2 billion in the past six weeks and the bank could face an additional $1 billion of losses in the second-quarter. #ThatsJustWrong #JP Morgan #JPMorgan Chase #Dow Jones Industrial Average #Securities and Exchange Commission #Jason Goldberg