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# VOlcker Rule

All time

Explainer: How can JP Morgan lose $2bn in less than six weeks?

There has been some alarm and many questions as to how America’s biggest bank lost so much money.

5.0k

May 12th 2012, 4:05 PM

JP Morgan blames 'sloppiness and bad judgement' for surprise $2bn loss

In a surprise conference call, the bank reveals that a single trader in London – nicknamed ‘Voldemort’ – has lost billions.

1.9k

May 11th 2012, 9:31 AM