Report: JPMorgan trading losses may reach $9B

Discussion in 'Wall St. News' started by gwb-trading, Jun 28, 2012.

  1. gwb-trading


    Report: JPMorgan trading losses may reach $9B

    NEW YORK (AP) — Shares of JPMorgan Chase & Co. tumbled Thursday as a published report said that the bank's losses on a bad trade may reach as much as $9 billion — far higher than the estimated $2 billion loss disclosed last month.

    In a hearing before the House Financial Services Committee last week, Dimon was dismissive when asked if JPMorgan's losses could total half a trillion or a trillion dollars.

    Just waiting for the other shoe to be dropped and we find out that JPM's trading losses are actually half a trillion .... and a massive bailout is needed.
  2. You sure did. Max Keiser said the loss is even higher - it'll bankrupt JPM. Not sure if there's any truth to it :)
  3. they have access to the discount window.
  4. JB3


    Move along. There is no conflict of interests. Jamie Dimon is the master of the universe. Nothing to see.