Bank Order Led to Losing Trades.

Authors :: Fitzpatrick, Dan
Sidel, Robin
Enrich, David
Zuckerman, Gregory
Burne, Katy
Eaglesham, Jean
Source :: Wall Street Journal - Eastern Edition. 5/12/2012, Vol. 259 Issue 111, pA1-A2. 2p. 3 Color Photographs, 1 Diagram, 1 Graph.
Publication Year :: 2012
Abstract: The article reports that the complex trades of derivative securities in April-May 2012 which resulted in business losses of over $2 billion for the banking industry firm J.P. Morgan Chase & Co. were made on instructions from one of the bank's senior executives. The trades were made to limit the bank's risk exposure to the European Sovereign Debt Crisis.