The Wall Street Journal says three high-ranking officers at JPMorgan Chase are expected to step down this week after one of the bank’s trading groups lost $2 billion.
The Journal says that among the executives is Ina Drew, who has run the risk-management unit responsible for the losses. One of the other two is an executive in charge of the London desk that placed the trades.
A JPMorgan spokeswoman didn’t immediately return a request for comment from the Associated Press on Sunday. The Journal report cites people familiar with the situation.