That didn’t take long.
Hours after JPMorgan Chase’s embarrassing $2.3 billion trading loss was announced, critics were already out for blood.
The big bank run by one of Wall Street’s most revered managers, sources said, could see any number of executives lose their jobs, including CEO Jamie Dimon and other senior execs — although many said that was a long shot.
“It really goes to the issue of credibility,” said Dick Bove, bank analyst at Rochdale Securities.
“I think heads are going to roll at JPMorgan, and they should,” the analyst added.
Hours after JPMorgan Chase’s embarrassing $2.3 billion trading loss was announced, critics were already out for blood.
The big bank run by one of Wall Street’s most revered managers, sources said, could see any number of executives lose their jobs, including CEO Jamie Dimon and other senior execs — although many said that was a long shot.
“It really goes to the issue of credibility,” said Dick Bove, bank analyst at Rochdale Securities.
“I think heads are going to roll at JPMorgan, and they should,” the analyst added.
