Senate Report Blasts JPMorgan Over ‘London Whale’ Losses
It was a bit more serious than a "tempest in a teapot."
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It was a bit more serious than a "tempest in a teapot."
In fact, no one involved has any recent banking experience.
The report also says the losses could total as much as $5 billion.
Some investors aren't taking that $2 billion misstep so well.
The CEO's pay package was approved, but probably before the bank announced its huge loss.
The fallout from the $2 billion loss isn't over yet.
He's the man responsible for $2 billion in losses so far.
Would YOU want to run UBS right now?
Well, that changes everything!