 Daily Mail |
Rivals Go to Lunch on JP Morgan's Losses
Wall Street Journal By GREGORY ZUCKERMAN And LIZ RAPPAPORT The trading blunders that have cost JP Morgan Chase & Co. at least $2 billion are shaping up as a boon for some of the bank's biggest rivals. A group of about a dozen banks, including Goldman Sachs Group Inc. and … JPMorgan losses 'have now doubled to £4.4bn' as CEO suspends $15bn share buy-back Double trouble at JP Morgan: trader's losses could exceed $7bn JP Morgan traders' losses double to £4.4bn |
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