Advertisement

Heads Roll At JP Morgan After $2 Billion Loss

05:48
Download Audio
Resume

One executive is out and more are expected to pack up after J.P. Morgan's $2 billion loss. Ina Drew, the head of the unit responsible for the trading blunder, retired Monday.

J.P. Morgan's CEO Jamie Dimon faces shareholders at the company's annual meeting Tuesday. Dimon is criticized for not acting sooner to stem the losses.

Guest:

  • Brad Keoun, Bloomberg News reporter

This segment aired on May 14, 2012.

Advertisement

More from Here & Now

Listen Live
Close