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.
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