NEW YORK — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.
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.
WASHINGTON — President Barack Obama’s call to shrink the military, shut bases and cancel weapons to meet the demand for budget cuts tests the resolve of lawmakers who came to Washington determined to slash the deficit.
WASHINGTON — Congress passed a massive $662 billion defense bill Thursday after months of wrangling over how to handle captured terror suspects without violating Americans’ constitutional rights. A last-minute compromise produced a truce, but lawmakers said the fight is not yet over.