JPMorgan Chase executives to resign
Three JPMorgan Chase senior executives are set to resign over the firm's $2 billion loss on derivatives trades, including the executive who oversaw the trade, US media have reported.
JPMorgan Chase & Co said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6% of the company's overall workforce, as the bank sheds staff that helped it deal with bad home loans.