Monthly Archives: May 2012

JPMorgan Exec Steps Down After Bank’s Billion Dollar Loss

JPMorgan took a big risk and lost BIG. It happens. In the provocative world of banking and trading, no risk equals zero returns. The higher the stakes the bigger the initiative and when the going is good everybody is cheering you on, but when the road ahead signals danger and the cards don’t hold a bright future, everybody jumps ship and almost always someone is left holding the tainted loot.

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