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The losses won't seriously hurt JPMorgan, but will weaken confidence in US banks and provide ammo for financial reform.
US President says even Wall Street's "smartest" need regulating, as bank boss admits $2bn trading loss was "stupid".
Chief investment officer quits in wake of US bank's $2bn trading blunder with more senior executives expected to quit.
JPMorgan invented credit default swaps in the 1990s, but practice proved bank's undoing in recent hedging loss.
Investment bank blames "sloppiness and bad judgment" as loss wipes seven per cent off stocks in after-hours trading.
Analysts say credit-default swap portfolio allegedly designed to hedge against losses was not properly priced.
Banks need more capital in case of future financial crises, but financiers say this would slow economic growth.
The Masters of the Universe evaded responsibility and defiantly demanded more sacrifice from their victims, says author.
Portugal hails bond sale a success as it seeks to avoid a bailout to tackle its debt crisis.
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Featured on Al Jazeera
Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.

 
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