RSS Feed
May 15th, 2012 
FAKE NEWS for the Zionist agenda The Bank’s losses for the “giant trading Blunder” continues to climb, according to a Monday report by The Wall Street Journal which cites its sources as “people familiar with the situation.”
“As of last Thursday the bank had lost USD 2.3 billion on a credit derivatives trade gone awry, but that figure grew by about $150 million on Friday,” the paper reports, quoting a person familiar with the matter.
“Executives are prepared for another $1 billion of possible losses this quarter from these positions as well as another $1 billion of potential losses over the next year or so,” the report notes, citing “someone close to the matter.”
That would mean a possible total loss of more than USD 4 billion, the paper says, adding, however, that the positions could also rebound in value, “slicing any loss.”
Bloomberg also reports that “the entire London staff” from JPMorgan’s chief investment office — a few dozen people — “is at risk of dismissal.”
MFB/JR
Related posts:
Views: 0
Posted in 
Tags: 
