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JPMorgan Chase Acknowledges $2 Billion Loss

JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.
Video provided by AP 
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Information
Source name: 
The Associated Press
Unique identifier: CP13505686 
Legacy Identifier: 83f4f6b8e0a7412e8df2d4ed1e53d3d3 
Type: Video 
Duration: 39s 
Dimensions: 856px × 480px     8.63 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 5/11/2012 4:27:00 PM 
Display aspect ratio: 107:60