Economy

JP Morgan Losses Bolsters Case for New Financial Regulationsi
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Mil Arcega
May 12, 2012 2:47 AM
Banks stocks took a big hit Friday after JP Morgan Chase and Company reported a $2-billion loss on a complex trading strategy that went bad. VOA's Mil Arcega reports the bank's disclosure is renewing debate over the need for tougher financial regulations.

JP Morgan Losses Bolsters Case for New Financial Regulations

Published May 11, 2012

Banks stocks took a big hit Friday after JP Morgan Chase and Company reported a $2-billion loss on a complex trading strategy that went bad. VOA's Mil Arcega reports the bank's disclosure is renewing debate over the need for tougher financial regulations.


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