JPMorgan plans to reclaim millions of dollars' worth of stockthat it awarded executives involved in the chief investmentoffice's trading loss, according to the Wall Street Journal. Thebank plans to claw back compensation from executives including InaDrew, who headed the chief investment office before sheresigned.
The size of the trading loss, which involved huge positionsinvolving corporate credit indexes, was initially put at $2billion, but subsequent reports have said the cost could go as highas $9 billion. The Journal says that when the bank reports itsearnings Friday, it will say the losses cost the bank $5 billionduring the second quarter.
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