JPMorgan Banker Who Led Unit That Had $2 Billion Trading Loss Expected to Resign
The $2 billion trading loss at JPMorgan Chase will claim its first casualty
among top officials at the bank as early as Monday, with chief executive Jamie
Dimon set to accept the resignation of the executive who oversaw the trade, Ina
R. Drew.
Ms. Drew, a 55-year-old banker who has worked at the company for three decades
and serves as chief investment officer, had repeatedly offered to resign since
the scale of the loss became apparent in late April, but Mr. Dimon had held off
until now on accepting it, several JPMorgan Chase executives said.
Read More:
http://www.nytimes.com/2012/05/14/business/jpmorgan-chase-executive-to-resign-in-trading-debacle.html?emc=na
DO SOMETHING!
| 