JPMorgan's Trading Losses, Implications on Industry
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