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Re: JPMorgan Banker Who Led Unit That Had $2 Billion Trading Loss Expected to Resign

By: oldCADuser in FFFT | Recommend this post (0)
Wed, 16 May 12 9:08 PM | 50 view(s)
Boardmark this board | Food For Further Thought 		Msg. 42047 of 65535
(This msg. is a reply to 41878 by clo)
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The above is a reply to the following message:
JPMorgan Banker Who Led Unit That Had $2 Billion Trading Loss Expected to Resign
By: clo in FFFT
Mon, 14 May 12 1:11 AM 		Msg. 41878 of 65535

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

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