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JPMorgan Loss Passes $3B

Bank bleeds a billion after rivals cash in on its bad bets

By Rob Quinn,  Newser Staff

Posted May 17, 2012 3:40 AM CDT | Updated May 17, 2012 5:31 AM CDT

(Newser) – JPMorgan's $2 billion trading loss has become a $3 billion-and-counting loss with dizzying speed, insiders tell the New York Times. CEO Jamie Dimon predicted that the loss could double within a few quarters, but the extra billion in trading losses has come in just...   Read full story »

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