JPMorgan Trading Loss Could Reach $3B

Ouch 

Updated Apr. 21, 2017 4:56PM EDT / Published May 16, 2012 10:18PM EDT

Mario Tama / Getty Images

JPMorgan’s trading loss disclosed last week could be higher than the $2 billion initially thought—50 percent higher. Last Thursday, when CEO Jamie Dimon announced the loss he mentioned it could mushroom in the coming months because of the market. The Federal Reserve is looking into the trade and growing losses to determine whether the FDIC-insured bank took inappropriate risks. But experts said Wednesday that an additional $1 billion was expected to be added on to the $2 billion announced last week. The bank is expected to earn $4 billion in the second quarter even with a $2 billion loss. Analysts are reportedly optimistic about the bank’s future.

Read it at The New York Times

ByteDance Docs Accidentally Unsealed, Revealing Its Origins

The documents were quickly resealed in Pennsylvania, but not before reporters had a good look at them.

Runway Collision Narrowly Avoided at D.C. Airport: Report

Luckily two air traffic controllers immediately recognized the situation and yelled out for both aircraft to stop.

Victim’s Fam Says Kohberger Alibi Only Helps Their Case

Kaylee Goncalves’ family has been outspoken since their daughter’s murder, wasting no time to poke holes in the alibi of their daughter’s alleged killer.

Santos Coincidentally at NYC Courthouse During Trump Trial

The disgraced ex-congressman had a hearing in his case against Jimmy Kimmel.

Bill Maher: Woody Allen Not a Pervert for ‘Baby Doll’ Kink

The comedian insisted the disgraced director is innocent and those refusing to work with him are “a bunch of pussies.”

Kate Fan Hijacks U.K. Domain for Meghan Markle’s Brand

Those clicking on the link “americanrivieraorchard.uk” found themselves directed to another website with a message of support for the Princess of Wales.

Eric Adams’ Legal Defense Trust Ditches Dietl Over NSFW Rant

The fund’s counsel said Adams believes no one should be spoken to “in such a disrespectful way.”

Kanye West Accused of Punching Man in the Face: TMZ

The rapper allegedly punched a man who, according to Ye’s rep, had “sexually assaulted” his wife, Bianca Censori.

JPMorgan Trading Loss Could Reach $3B

Mario Tama / Getty Images