Why did JPM hold an emergency call to discuss a trading loss equivalent to just 1% of...
Friday, May 11, 2012, 10:47 AM ETWhy did JPM hold an emergency call to discuss a trading loss equivalent to just 1% of shareholder equity, asks Jonathan Weil. "It could get worse," said Jamie Dimon last night - "worse," writes Weil, "could mean disastrous." Reading between Dimon's lines tells Weil the trades weren't hedges, but speculative wagers. "Dimon must know he has a lot more explaining to do."
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