JP Morgan chief apologises for slopyness due to banking trading loss
http://www.guardian.co.uk/business/2...t-loss-hedging
The bank who actually kept away from risks in 2008 showed slopyness there words lost £1.2bn. What the risks this could cause more damage as it already hurt other banks. I hope we dont see little mini banking crisis like ripple effect. Confidence is low dont think it will take alot for it to create mini crisis. At least they been quick to move not hide. Hopefully that will allay fears. Quote:
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