WASHINGTON — A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
Stock in the bank, the largest in the United States, lost 8 percent of its value in minutes on Wall Street, and other American and British banks suffered heavy losses as well.
WASHINGTON — A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
Stock in the bank, the largest in the United States, lost 8 percent of its value in minutes on Wall Street, and other American and British banks suffered heavy losses as well.
WASHINGTON — A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
Stock in the bank, the largest in the United States, lost 8 percent of its value in minutes on Wall Street, and other American and British banks suffered heavy losses as well.
WASHINGTON — A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
Stock in the bank, the largest in the United States, lost 8 percent of its value in minutes on Wall Street, and other American and British banks suffered heavy losses as well.
WASHINGTON — A surprise $2 billion trading loss by a division of JPMorgan Chase triggered calls Friday for tougher regulation of banks three years after their near-death experience in the financial crisis.
Stock in the bank, the largest in the United States, lost 8 percent of its value in minutes on Wall Street, and other American and British banks suffered heavy losses as well.
