JPMorgan Chase Loses $2 Billion In Risky Trades | WAMU 88.5 - American University Radio
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JPMorgan Chase Loses $2 Billion In Risky Trades

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J.P. Morgan Chase reported $2 billion in losses over the last six weeks, and said there may be more to come. In a news conference shortly after the market closed Thursday, CEO Jamie Dimon said the losses stemmed from a credit default swap that was "poorly executed and poorly monitored."
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