JPMorgan exec becomes first casualty of bad trade
NEW YORK (AP) — The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $ 2 billion loss. Ina Drew, 55, the chief investment officer for the bank and a 30-year veteran of the company, will retire, the bank said. She was replaced by Matt Zames, an executive in JPMorgan’s investment bank. CEO Jamie Dimon said …
