wpostServer: http://css.washingtonpost.com/wpost

JPMorgan trading loss one of the biggest in recent history

On May 10, JPMorgan Chase announced that it had suffered $2 billion in trading losses, becoming the latest financial firm to have a major trading disaster. Our friends over at Bloomberg have put together a list of the biggest trading mistakes over the years. We take a look at the five most recent blunders.

1 / 5

  • Buy this Photo
  • Thumbs
  • Autoplay
  • Full Screen

5 Seconds

00:00

00:00

 

A pedestrian passes JPMorgan Chase's headquarters in New York on May 11. The bank fell the most in nine months after Chief Executive Jamie Dimon said the firm suffered a $2 billion trading loss he attributed to "egregious" failures in a unit managing risks.

Peter Foley / BLOOMBERG

Related Content

FEATURED PHOTO GALLERIES

TV presenter and conservationist Anneka Tanaka-Svenska wears a hat designed by Louis Mariette during the first day of Royal Ascot, in Berkshire, west of London, on June 18, 2013. The five-day meeting is one of the highlights of the horse racing calendar. Horse racing has been held at the famous Berkshire course since 1711 and tradition is a hallmark of the meeting. Top hats and tails remain compulsory in parts of the course while a daily procession of horse-drawn carriages brings the Queen to the course. AFP PHOTO / ADRIAN DENNISADRIAN DENNIS/AFP/Getty Images

Photos of the day

Royal Ascot, protests in Brazil, Lego exhibition, flooding in India, Cheetah-Cub robot and more.

epa03749440 US actor Brad Pitt arrives on the red carpet for the New York Premiere of 'World War Z' in Times Square in New York, USA, 17 June 2013. EPA/JASON SZENES

The premiere of ‘World War Z’

The zombie flick starring Brad Pitt opens from Berlin to New York.

Two-year old male rat named Dyatlik wears a costume during a rodent exhibition in Minsk, Belarus, Saturday, June 15, 2013. (AP Photo/Sergei Grits)

Animal views

Rodent exhibition, swimming with elephants, Mexico’s feline mayoral candidate and more.

Inmates walk at a high-security male prison camp outside Russia's Siberian city of Krasnoyarsk May 14, 2013. High-security male prison camp number 17 is intended to house male inmates who are serving a sentence for the first time, and have been convicted for serious crimes. Prisoners at the facility work in wood and metal processing shops, manufacture furniture, sew clothes and do other kinds of work. They can also take part in educational, sport and cultural programs. Picture taken May 14, 2013. REUTERS/Ilya Naymushin (RUSSIA - Tags: CRIME LAW SOCIETY) ATTENTION EDITORS: PICTURE 4 OF 29 FOR PACKAGE 'INSIDE SIBERIA'S PRISONS' SEARCH 'ILYA PRISON' FOR ALL IMAGES

Life in a Siberian prison

A look inside a high-security prison camp outside Krasnoyarsk, Russia

WASHINGTON, DC - JUNE 14: Johnathon Carrington, valedictorian at Dunbar High School, laughs with family and friends after his school's graduation ceremony at Howard University on Friday, June 14, 2013, in Washington, DC. Carrington, who grew up in Tyler House public-housing apartments and is graduating from one of DC's low-performing high schoolsy, where academic expectations are high. (Photo by Jahi Chikwendiu/The Washington Post)

Johnathon’s journey

Johnathon Carrington graduated Friday as the valedictorian of his neighborhood school, Dunbar High, and is headed to Georgetown University. But Carrington, 17, is nervous, and so are...

NEW YORK, NY - JUNE 18: Madonna attends the Dolce & Gabbana and The Cinema Society screening of the Epix World premiere of 'Madonna: The MDNA Tour' at The Paris Theatre on June 18, 2013 in New York City. (Photo by Dimitrios Kambouris/Getty Images)

Eye on entertainment

Madonna, Michael Buble, Barbara Streisand, Jackie Chan, Jerry Seinfeld, Estelle and other celebrities.

In this June 8, 2013 photo, youth compete in the Sao Carlos slum local soccer tournament in Rio de Janeiro, Brazil. The pitch is just dirt and the incandescent lights aren't so bright. But when the boys' feet strike the football in the Sao Carlos slum as night falls every Saturday, big league dreams glow, inflated by the hope of escaping the shantytown with sporting skills. (AP Photo/Felipe Dana)

Brazil’s other soccer fields

With the Confederations Cup opening this week and the World Cup one year away, all eyes are on Brazil, where soccer is arguably played with more passion and art than anywhere else....

WASHINGTON, DC - JUNE 16: John F. Tatum Sr. hugs his grandson John F. Tatum III during his annual Father's Day block party on Sunday, June 16, 2013 in Washington, DC. (Photo by Amanda Voisard/For the Washington Post)

Father’s Day picnic in Northeast D.C.

A decades-old backyard barbecue in Northeast Washington draws hundreds in honor of dads everywhere. “It’s off-the-chain fun,” says Butch McNair, who has worked one...

Back to Previous Gallery

Loading...

Comments

Add your comment
 
Read what others are saying About Badges
    Section:/business/economy