Fox Business Network's Live at 8p ET With Special Coverage Following the Announcement of JPMorgan's Significant Loss
According to FoxBusiness.com, JPMorgan Chase revealed late Thursday that one of its units took a significant trading loss as a result of soured bets, sending shares plummeting in post-market trading.
JPMorgan Chief Executive Officer Jamie Dimon said in a hastily scheduled conference call after the close of trading that the company had sustained some $2 billion in trading losses in its synthetic credit portfolio in the past six weeks.
Read the full article here and tune in to The Willis Report live at 8p ET for special coverage of this announcement.















