WASHINGTON — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
May 11 2012 | Posted in
AP News |
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Like many smaller community banks, the Delaware County Bank & Trust has struggled to survive since the recession. Several straight quarterly losses, shuffling leadership, layoffs and branch closures have been a part of The Bank’s story since 2008. All told, The Bank lost a total of $12.3 million in 2010 alone. But bank executives who spoke with the Gazette recently insist better days are ahead.
