Jamie Dimon, JPMorgan's CEO, said Friday that the bank's loss from a highly publicized trading blunder had grown to $4.4 billion, more than double the original estimate. Jamie Dimon faces further questioning from Wall Street analysts later Friday.
Ina Drew, at the center of JPMorgan's stunning loss, was among its highest-paid executives. Proxy statement says Ina Drew would be entitled to nearly $14.7 million if she met 'full-career eligibility.'
JPMorgan Chase loss of $2 billion has caused Chief Investment Officer Drew to tender her resignation, a source says. Two of her subordinates involved in the JPMorgan Chase loss are also expected to resign.