JPMorgan executives expected to leave over loss
Sun May 13, 2012 6:23pm EDT
(Reuters) - JPMorgan Chase & Co is expected this week to accept the resignation of Chief Investment Officer Ina Drew after the bank lost $2 billion or more with a failed hedging strategy using derivatives, sources close to the matter said on Sunday.
Two of Drew's subordinates who were involved with the trades, Achilles Macris and Javier Martin-Artajo, are expected to be asked to leave, according to the people familiar with the matter.
Sunday, May 13, 2012
3 DOWN, THOUSANDS TO GO...
This should have started in the Fall of 2008 and there should have been at least 3,000 dismissals by now.
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