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JPMorgan executives "to resign' over losses

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At www.aljazeera.com

Three JPMorgan Chase senior executives are reportedly set to resign this week over the firm's $2 billion loss on derivatives trades, including the executive who oversaw the trade. US media, citing company executives, reported on Sunday that the bank's chief executive Jamie Dimon was set to accept as early as Monday the resignation of Ina Drew, a 55-year-old chief investment officer who has worked at the firm for three decades. Two other high-ranking executives were set to leave during the week: Achilles Macris, who heads the London-based desk that placed the trades, and trader Javier Martin-Artajo, a managing director on Macris's team.

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At www.aljazeera.com


 

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