JPMorgan shock trading loss of $2bn knocks global financial stocks

PUBLISHED ON: May 11, 2012 | Duration: 25 min, 35 sec

   
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JPMorgan Chase & Co's shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe. U.S. consumer sentiment rose to its highest level in four years, driven by cheaper fuel, as Americans remained upbeat about the job market. Meanwhile, the leaders of Greece's once-dominant conservative and socialist parties work hard to avert new elections and prevent a victory by a radical leftist who has promised to tear up its international bailout deal.
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