JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. The company's stock plunged almost 7 percent in after-hours trading after the loss was announced.
People also ask
What did Chase Bank get in trouble for?
Is Chase Bank at risk of going under?
How much is Chase Bank in debt?
What is the penalty for JPMorgan?
May 11, 2012 · JPMorgan Chase, the biggest bank in America, announced that it lost $2 billion on a massive trade placed out of its London office. What was ...
Missing: missing | Show results with:missing
Mar 18, 2024 · The Office of the Comptroller of the Currency (OCC) fined JPMorgan Chase Bank $250 million while the Federal Reserve fined the bank $98.2 ...
Missing: missing | Show results with:missing
Oct 16, 2023 · Excluding the deposits from First Republic Bank, JPMorgan Chase has lost $248.38 billion in deposits over the span of the last seven quarters.
Missing: 2 | Show results with:2
People also search for
May 13, 2012 · ... bank tricks -- bank, JP Morgan Chase, lost two billion dollars in a very bad derivatives bet. Now Chase's until-now-Teflon-coated CEO Jamie ...
Missing: missing | Show results with:missing
May 14, 2012 · By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea ...
Missing: dollars | Show results with:dollars
Jan 11, 2015 · Indeed, a tough new 300-page Senate report accuses the bank and CEO Jamie Dimon of hiding losses of around $6.2 billion from federal regulators.
Missing: missing 2
Mar 23, 2023 · JPMorgan Chase & Co analysts estimate that the "most vulnerable" U.S. banks are likely to have lost a total of about $1 trillion in deposits ...
Jan 7, 2014 · JPMorgan Chase has been fined more than $2 billion for violations of the Bank Secrecy Act tied to failure to report suspicious activity ...
... bank's stunning $2 billion loss. Ina Drew, 55, the chief investment officer for the bank and a 30-year veteran of the company, will retire, the bank said.
Missing: missing dollars