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    Huge losses cause top banker to resign

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    euronews (in English)

    by euronews (in English)

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    The chief investment officer of one of Wall Street's biggest banks, JP Morgan Chase, is to leave the company following trading losses that could reach three billion dollars.

    The firm said Ina Drew, who ran the London-based division responsible for the losses, is to retire after 30 years service.

    ...
    http://www.euronews.net/