Resignations Begin At JPMorgan After $2 Billion Loss | WAMU 88.5 - American University Radio

Resignations Begin At JPMorgan After $2 Billion Loss

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JPMorgan Chase's chief investment officer resigned over the weekend and will retire. The bank made the announcement Monday morning, but didn't comment on other expected resignations. Last week JPMorgan surprised the markets with a $2 billion trading loss. That loss has revived interest in the Volcker Rule, which is supposed to reduce risk by prohibiting "proprietary trading."
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