Bloomberg News

JPMorgan's Trading Losses, Implications on Industry

May 11, 2012

David Marshall, an analyst at research firm CreditSights Inc. in Singapore, talks about JPMorgan Chase & Co.'s trading loss and its implications for the global banking industry.

JPMorgan Chief Executive Officer Jamie Dimon said the firm suffered a $2 billion trading loss after an "egregious" failure in a unit managing risks, jeopardizing Wall Street banks’ efforts to loosen a federal ban on bets with their own money. Marshall speaks with Zeb Eckert on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Running time 05:03

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