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JPMorgan kept adding risky bets on top of earlier ones, hid losses, disregarded its own rules for risk limits, avoided oversight by its regulator and “misinformed” investors, regulators and the public.
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US senators blast JPMorgan ‘whale’ debacle (via AFP)
Alex Wong/Getty Images/AFP/FileUS Senator Carl Levin talks to the press on February 14, 2013 in Washington, DC. US senators Friday blasted banking giant JP Morgan over its mammoth trading losses on complex derivatives last year and called for tougher regulatory scrutiny of the banking industry.US senators…
