Page 2 - Sherman Wright News Today

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$2 billion in loss and now theyre mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldnt comment on the losses. also, there are reports that alarm bells went off about risky trading at the firms london office as much as two years ago. investors are c...

$2 billion in loss and now theyre mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldnt comment on the losses. also, there are reports that alarm bells went off about risky trading at the firms london office as much as two years ago. investors are c...

erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldnt comment on the losses. also, there are reports that alarm bells went off about risky trading at the firms london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have drop...

bad bets that cost j.p. morgan $2 billion in loss and now theyre mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldnt comment on the losses. also, there are reports that alarm bells went off about risky trading at the firms london office as much as...

theyre mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldnt comment on the losses. also, there are reports that alarm bells went off about risky trading at the firms london office as much as two years ago. investors are clearly nervous. j.p. morgan...