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Posted in JP Morgan Latest News

JPMorgan Hedge Thwarted by ‘Illiquidity,’ Calypso’s Kelly Says – Bloomberg

JPMorgan Hedge Thwarted by 'Illiquidity,' Calypso's Kelly Says
JPMorgan Chase & Co. (JPM)'s credit- derivatives trades that lost the biggest U.S. bank more than $2 billion were thwarted by market illiquidity, saidDavid Kelly,

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