JP Morgan Chase declared an expected loss due to the London Whale trading fiasco.  

CEO Jamie Dimon says that investors shouldn’t be concerned about the $4.4 billion trading loss since he promises never-ever-ever again to engage in those types of trades. Furthermore, the evil bad traders are no longer with the firm.

Jaime also reminded investors that at least JP Morgan wasn’t involved with the LIBOR scandal like over at Barclays nor did he attempt a lame suicide attempt like the PFGBest guy. 

Source: Reuters