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Compliance

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Greg MacSweeney
Greg MacSweeney
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JP Morgan's $2 Billion "Oops," the Euro's Demise, Millennials IT Workers, and More 

JP Morgan makes a $2 billion trading error, the Euro may still flounder and millennials are having a big impact on the modern IT workforce. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week.
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1. Oops

JP Morgan's strategy was "flawed, complex, poorly reviewed, poorly executed and poorly monitored."

— Jamie Dimon, CEO of JP Morgan Chase, said Thursday discussing the bank's $2 billion in in trading losses during a hastily arranged conference call with analysts and investors after the stock-market close.

Source: The Wall Street Journal

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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