JPMorgan reports record loss of USD2 billion

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Source: BBC
JPMorgan Chase announced unexpected trading loss of almost 2 billion US Dollars. The loss occurred because of complex investments of the bank's traders. Following the data release, JPMorgan shares lost 6% pushing shares of other banks down. Goldman Sachs, Bank of America and Citygroup faced severe losses in electronic trade.
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Fri, 11 May 2012 10:08:12 GMT

Gold futures fell in Asian trade on stronger USD

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Fri, 11 May 2012 07:07:45 GMT

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