JPMorgan May Lose $5 Billion on Derivatives, WSJ Reports

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JPMorgan Chase & Co.’s loss from derivatives trading may widen to $5 billion, the Wall Street Journal reportedBloomberg Terminal.

Chief Executive Officer Jamie Dimon personally approved the strategy that led to the trades, without monitoring how they were executed, the newspaper said, citing people familiar with the matter that it didn’t identify. His failure to closely regulate that activity caused resentment among executives whose departments face tighter oversight, according to the Journal.