The Delaware Gazette

Calls to toughen regulation follow JPMorgan loss

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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.

US stocks fall on European economic, debt worries

NEW YORK — Wor­ries about Europe’s eco­nomic and debt prob­lems sent stocks Tues­day to their first loss in four days. The major indexes bounced up and down in another volatile day. The Dow Jones indus­trial aver­age fell more than 120 points in the first half hour of trad­ing after a report showed that Germany’s econ­omy stalled last quar­ter and dragged down growth for Europe.

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