Several high profile executives at JP Morgan Chase are set to resign today following $2bn (£1.2bn) of losses at the bank's trading desk last week, according to reports.
One of Wall Street's highest profile female executives, chief investment officer Ina Drew, is expected to leave the firm along with two other high profile executives, according to the New York Times. News of the departures follows chief executive Jamie Dimon's comments on Sunday that he had wrongly dismissed concerns about trading at the bank. Drew is one of JP Morgan's longest standing and best paid executives. Drew had offered to resign on numerous occasions, following the losses, but Dimon had rejected her resignation. The losses were revealed in a statement on Thursday, prompti...
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