JPMorgan's Top Female Exec To Resign Over $2 Billion Blunder

AP
JP Morgan Chase Ina Drew
JP Morgan Chase Ina Drew

By Pallavi Gogoi


NEW YORK -- JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.

The bank will accept the resignation of Ina Drew, its chief investment officer, the person told The Associated Press, speaking on condition of anonymity because the person was not authorized to discuss the decision publicly.