Home > World > Report

US justice department opens inquiry into JPMorgan trading loss

Tuesday, May 15, 2012, 22:05 IST | Place: Washington, DC | Agency: Reuters

A report by Wall Street Journal said the inquiry was at an early stage and that it was not clear what sort of legal violation the US government may be looking at.

The US Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the inquiry was at an early stage and that it was not clear what sort of legal violation the US government may be looking at.