2012-05-16 17:56:09

Department of Justice Probes JPMorgan Chase

The Justice Department has opened a criminal probe of a $2 billion trading loss at the nation's largest bank, JPMorgan Chase. JPMorgan acknowledged the loss last week, saying it had come out on the losing end of a risky bet in derivatives. The loss has renewed calls for tougher regulation of Wall Street, with critics saying JPMorgan would have avoided the loss under regulations it opposed. Speaking for a group of shareholders.

Proud Partners