In an already wonky quarter, JPMorgan reported taking a $143 million loss in its equities trading department from a single client.
The department had strong equities performance apart from that one loss.
The client was identified as Steinhoff International, a South African retailer embroiled in an accounting scandal.
Total losses related to Steinhoff could be as much as $273 million. http://ift.tt/2AT84c8
Submitted January 15, 2018 at 02:58PM by rexmorrow http://ift.tt/2mzwORR
