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JPMorgan Losses Likely Increase as CDS NA.IG.9 Jumps this Week – ValueWalk


ValueWalk

JPMorgan Losses Likely Increase as CDS NA.IG.9 Jumps this Week
ValueWalk
By Paul Shea JPMorgan Chase & Co. (NYSE:JPM) have been taking a huge hit from trading in a little known index based on Credit Default Swaps movements. The loss was announced by JPMorgan at $2 billion after Bruno Iksil began selling an enormous amount
Insight: Gains that funds made on bets by JPMorgan whale may be limitedCNBC.com


JPMorgan's Iksil Took Whale-Size RisksFinancial Advisor Magazine

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