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JPMorgan Chase Investment Chief Ina Drew To Retire

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JPMorgan Chase Investment Chief Ina Drew To Retire

JPMorgan trading loss one of the biggest in recent history: On May 10, JPMorgan Chase announced that it had suffered $2 billion in trading losses, becoming the latest financial firm to have a major trading disaster.

JPMorgan Chase announced Monday that chief investment officer Ina Drew would retire, the first of what might be several departures since the megabank’s surprising $2 billion loss.

A statement issued by the company said Drew made the decision to retire, a move that was widely expected after the company disclosed the unit she managed had suffered a major loss.

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