JP Morgan Flags $2 Billion Trading Loss

J.P. Morgan Chase JPM & Co. has taken $2 billion in trading losses in the past six weeks and could face an additional $1 billion in second-quarter losses due to market volatility, Chief Executive James Dimon said Thursday in a hastily arranged conference call after U.S. markets closed.

source : Wall Street Journal
http://online.wsj.com/article/SB10001424052702304070304577396511420792008.html