JP Morgan (JPM) and Systemic Risk
By:
Wall Street Pit
Posted on May 14, 2012 at 06:38 AM EDT
For some time, financial observers have been discussing the large positions in bond-index derivatives amassed by a trader known as the London Whale, now revealed to be Bruno Iksil working for JP Morgan Chase (JPM). On Thursday we learned that JP Morgan has lost over $2 billion in the space of two weeks as a [...]
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