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Sun. 4:58pm: Report: 3 JPMorgan executives to resign

May 13, 2012
Tribune Chronicle | TribToday.com

NEW YORK (AP) - The Wall Street Journal says three high-ranking officers at JPMorgan Chase are expected to step down this week after one of the bank's trading groups lost $2 billion.

The Journal says that among the executives is Ina Drew, who has run the risk-management unit responsible for the losses. One of the other two is an executive in charge of the London desk that placed the trades.

A JPMorgan spokeswoman didn't immediately return a request for comment from The Associated Press today. The Journal report cites people familiar with the situation.

 
 
 

 

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