JPMorgan Chase & Co. (JPM) Loss Grows, Suspends Buybacks

The new week kicked off with news that JPMorgan Chase & Co. (NYSE:JPM)’s trading loss my widen even more thanks to the crumbling Europe situation. A second report has losses estimated up to $5 million. In comments by one of the hedge funds that took the opposing side to some of JPMorgan’s questionable trades, Michael Platt, co- founder and chief executive officer of BlueCrest Capital Management LLP, made some gloomy predictions on Bloomberg Television’s “Inside Track” on Monday. He said, “They’re not out of those positions. If we end up with a catastrophe in Europe in the short run, they’re probably not positions…