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May 13 (Reuters) – JPMorgan Chase & Co is expected
this week to accept the resignation of Chief Investment Officer
Ina Drew after the bank lost $2 billion or more with a failed
hedging strategy using derivatives, sources close to the matter
said on Sunday.
Two of Drew’s subordinates who were involved with the
trades, Achilles Macris and Javier Martin-Artajo, are expected
to be asked to leave, according to the people familiar with the
matter.
