JPMorgan Chase, in 2012, announced one of the greatest losses through high-risk gambles in securities investments, which are an essential foundation of the U.S. economy. The incidence that occurred in the summer of 2012 resulted in an estimated of $5.8 billion loss in one of the country's biggest banks. The bank's chief investment officer, Jamie Dimon, announced the loss in May 2012. The losses, according to the CIO, resulted from part of its corporate unit that made trades to hedge against risks. The CIO used traders engaged in bad trades by using derivatives hedge against public debt. Shares of JPMorgan considerably dropped following the incident. The case of JPMorgan bank fail is an example among other similar incidences in the U.S. Recent cases include the court case against the U.S. Bancorp unit over the collapse of Peregrine in 2012. Such incidence raises questions about the role of the administrative agencies...
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