IN 60 SECONDS: What JP Morgan's Stunning $2 Billion Loss Means

JP Morgan’s reputation as the most respected and responsible institute on Wall Street is in jeopardy after it announced a huge $2 billion loss in its synthetic derivatives portfolio.

Watch the video below to find out how JP Morgan’s stunning $2 billion loss will shake up the banking industry:

Produced By William Wei

Don’t Miss:

What Obama’s Endorsement Of Same-Sex Marriage Means

Jim O’Neil, AKA Mr. Bric, Crushes Business Insider’s Dream For The MAVINS

• Here’s Why Dick Lugar Lost His Senate Seat After 36 Years

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.