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U.S. Morning Call: JPMorgan execs set to leave: sources

Monday, May 14, 2012 - 02:42

May 14 - Sources say JPMorgan execs will depart following the company’s $2 bln failed hedging strategy.

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Here's -- morning all this Monday that two billion dollar -- JPMorgan Chase. Costing at least three executives their -- sources say New York based chief investment officer I drew went to London subordinate believes the firm. The departures come after you enter runs mismanaged a large portfolio that riveted. Tight credit worthiness of bonds according to bank executives CEO Jamie diamond address trading error and BC's Meet the Press Sunday. This is not a risk which is life ready to JPMorgan. Does the stupid thing that didn't know that we should never done. But we're still gonna learn a lot -- -- quarter what is it like this can't be jeopardized -- we know we hurt ourselves and our credibility yes. And that you we got a fully expect and pay a price. Shares of JPM down close to 1% premarket they found more than 9% Friday. FactSet for a lower open overall out NASDAQ S&P 500 stock index futures down 1% each with the uncertainty surrounding Greece continues. The leftist party -- saying it is willing to take part group meetings after spurning an invitation for coalition talks. With three other parties in an attempt to form a government. Stocks down big in Greece and on across Europe as well. Analysts see -- set for growth following the latest management shuffle CEO Scott Thompson out after being used patting his -- -- -- we'll also agreeing to hedge fund manager Daniel -- demand to -- three board members. Global media had rock -- and takes over in terms CEO. Analysts -- them is likely prolong the current turnaround effort that may create a more stable and focused company down the road. Shares of Yahoo! are up in the premarket. Eight -- says it will consider -- takeover offer from Cody Cody raised ten million dollar it did ten point seven billion dollars last week and said he expected a response but in a week. Avon's board did not reject me nine offer outright said it would consider that these latest big. In due course the numbers shareholders have previously told Reuters that -- it was insufficient. I wanted eight onto at least top with Cody says -- -- honor at sharply in premarket it was still below 2475. Offer price. And based -- the road again to start week two of its IPO roadshow reports. Indicate the company to stop in Chicago today. No word on whether Mark Zuckerberg will be there he did it here Friday at a stop in Palo outs in here Facebook's headquarters answering questions from heavyweights. Including Netscape co-founder venture capitalist market entries and that's not expected to price Thursday and Begin trading on the NASDAQ Friday. As a morning -- this Monday and Jen Rogers if this Reuters Insider.

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U.S. Morning Call: JPMorgan execs set to leave: sources

Monday, May 14, 2012 - 02:42