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Three J.P. Morgan Executives Expected to Step Down

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Published on May 14, 2012

J.P. Morgan's Dimon faced increasing pressure after the trading blunder that cost the bank over $2 billion. Three high-ranking executives are expected to leave. Also, chief among firms that could suffer collateral damage: Morgan Stanley and Goldman Sachs. J.P. Morgan's stumble, along with questions of whether it resulted from the kind of proprietary bets Congress hoped to ban, may blow holes in Wall Street arguments that firms have become less risky since the financial crisis and don't need to be reined in further.

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