FBI's Mueller confirms JPMorgan preliminary probe

May 17, 2012 by legitgov

FBI's Mueller confirms JPMorgan preliminary probe 16 May 2012 FBI Director Robert Mueller on Wednesday confirmed that the agency has opened a "preliminary investigation" into JPMorgan Chase & Co, the nation's largest bank. JPMorgan disclosed last week that it had suffered a multibillion-dollar trading loss due to a failed hedging strategy. A person familiar with the matter said on Tuesday that the FBI's New York office has opened a preliminary probe into the loss, which has been estimated at more than $2 billion.