Business

JPMorgan In Hot Seat Over London Whale Losses

NPR | March 15, 2013 2:12 a.m. | Updated: March 15, 2013 9:16 a.m.

Contributed By:

Jim Zarroli

Last year, JPMorgan Chase acknowledged that it lost $6.2 billion in a hedging strategy gone awry. The Senate Permanent Subcommittee on Investigations has spent months investigating how the losses occurred, and on Friday, it will publicly grill some of the executives involved.

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