JPMorgan Exec Out After $2 Billion Trading Loss [VIDEO]
The two billion dollar trading blunder at JPMorgan Chase has prompted the departure of a major executive at the company. JPMorgan announcing Monday that Chief Investment Officer, Ina Drew is retiring.
FOX News Radio’s Rich Johnson reports:
She’s been offeering her resignation since the default credit swap losses came to light. Now JPMorgan Chase Chief Investment Officer Ina Drew is officially retiring.
A veteran of more than 30 years with the company, Drew is one of the top women on Wall Street, overseeing the investments involving the company’s own money for the past seven years.
Two other top execs in the division that Drew oversaw, also expected to be sent packing.
Rich Johnson, FOX News Radio.
WATCH to learn more about JPMorgan’s two billion dollar loss: