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Trading Loss

The Mistake That Cost Goldman Tens Of Millions

Reuters | Posted 08.26.2013 | Business

(Reuters) - Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a ...

Dimon: London Whale Was 'The Stupidest And Most Embarrassing Situation'

The Huffington Post | Posted 04.11.2013 | Business

OK Jamie, we get it: you are very, very embarrassed about the whole London Whale debacle. In a letter to shareholders released Wednesday, JPMorgan...

JPMorgan Admits Losses Twice Initial Estimates

AP | PALLAVI GOGOI and DANIEL WAGNER | Posted 09.12.2012 | Business

NEW YORK — JPMorgan Chase said Friday that its traders may have tried to conceal the losses from a soured bet that has embarrassed the bank and ...

How JPMorgan's Loss Will Affect Four Key Parts Of Financial Reform

AP | DANIEL WAGNER | Posted 07.15.2012 | Business

WASHINGTON — The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congre...

SEC Head: 'All The Regulators Focused On' JPMorgan Loss

AP | MARCY GORDON | Posted 05.11.2012 | Business

WASHINGTON -- The head of the Securities and Exchange Commission says the agency is focused on a surprise $2 billion trading loss by JPMorgan Chase. ...