JPMorgan $2 billion loss hits shares, credit, image

A man walks into the JP Morgan headquarters at Canary Wharf in LondonNEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $ 15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $ 2 billion trading loss by demanding stiffer oversight for the banking industry. The loss by one of Wall Street’s most respected banks embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss. “We know we were sloppy. We know we were stupid. …



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