Fallout from JP Morgan loss will hit energy markets: IEA
The Paris-based International Energy Agency (IEA) warned this week that energy traders may feel the impact of JP Morgan's trading losses, even though the trades in question had nothing to do with the energy or commodities sectors.
In recent weeks, both Wall Street and Washington have been riveted by the situation at JP Morgan, which acknowledged on May 10 that a London-based unit of the bank had lost more than $2 billion through a poorly executed hedging strategy involving an index of credit
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