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JPMorgan trading blunder spooks bank stocks

2012-05-11 26 Dailymotion

JPMorgan Chase has shocked the markets by revealing a trading loss of over two billion dollars.<br /><br />It admitted there had been "errors" and "bad judgement" while it was attempting to protect itself against losses through a process known as hedging. <br /><br />The losses could increase by another one billion, the bank said. <br /><br />...<br />http://www.euronews.net/

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