Three JPMorgan Chase executives to resign: report
Three JPMorgan Chase senior executives are set to resign this week over the firm's $2 billion loss on derivatives trades, including the executive who oversaw the trade, US media reported Sunday.
JPMorgan Chase & Co. said today that it would cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis.