NEW YORK — JPMorgan Chase says top managers tied to its highly publicized trading blunder have been dismissed without severance pay. The bank says it's taking back two years' pay from those officials.
The bank is discussing the trading loss with Wall Street analysts. It says the loss from the trade in the most recent quarter was $4.4 billion. The bank's original estimate was $2 billion.
JPMorgan also says it has discovered information that "raises questions about the integrity" of values placed on certain trades.
CEO Jamie Dimon says: "We're not making light of this error, but we do think it's an isolated event."
- Jobless claims drop to near 6-year low
- Fast-food strikes return amid push for wage...
- 3,000 Workforce Services clients may be...
- 4 charged in year-long copper thefts at Utah...
- Sugar House streetcar prepares for public launch
- Walmart's 20 best-selling Black Friday items
- Cedar Hills to require business licenses for...
- Start thinking about retirement while in your...
- Fast-food strikes return amid push for... 31
- Obama declares health care law is... 21
- Intermountain Healthcare offering... 15
- Start thinking about retirement while... 7
- Jobless claims drop to near 6-year low 7
- Obama to feds: Boost renewable power 20... 6
- Amazon's latest idea may make online... 6
- Walmart's 20 best-selling Black Friday... 5