JPMorgan’s Trading Loss: Big Credibil...

Yesterday, after the close, JPMorgan (NYSE: JPM) filed its 10-Q and disclosed ~$2 billion in losses in its CIO unit’s synthetic credit portfolio. These losses were partially offset by ~$1 billion realized gains from the sales in CIO’s AFS portfolio. The corporate/Private Equity segment, which was expected to post net income of $200 million in [...]