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The 6 Biggest Busted Bets of 2012

Filed under: People, Features, Money and PoliticsGallery: The Six Biggest Surprises of 2012

Bruce Watson is a senior features writer for DailyFinance. You can reach him by e-mail at bruce.watson@teamaol.com, or follow him on Twitter at @bruce1971.The…

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Jamie Dimon Quickly Filets the London Whale’s Costly Trades

Filed under: Investing, JP Morgan Chase, Market NewsAfter all the media, regulatory, and congressional commotion surrounding JPMorgan Chase’s (JPM) $2 billion-plus loss on a massive derivatives bet made in its London office, it now looks like CEO Jamie…

Posted in Executive Prospectus, Financial Prospectus Tagged with: , , , , , , , , , , , , , , , , ,

Credit Default Swaps: Still Here, Still Able to Wreak Havoc

Filed under: Economy, JP Morgan Chase, Investing Basics, Market NewsJPMorgan Chase (JPM), the country’s biggest bank, is reporting a $2 billion trading loss that occurred in the space of just six weeks. The loss reportedly involved the investments in “…

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