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May 11th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: Oil Falls a Seventh Day, Longest Run of Losses Since 2009 nbsp
JPMorgan reveals shock $2bn trading loss on investments
BBC – JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex investments made by its traders. Chief executive Jamie Dimon blamed “errors, sloppiness and bad judgement” for the losses and warned “it could get worse”. The risky hedging strategy could cost the bank an additional $1bn, he added. JPMorgan shares dropped 7% in after-hours trading, and other bank shares also fell. Read Article
Tags: banks, debt wealth, North America
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