JPMorgan Chase executive resigns in wake on $2bn loss

JPMorgan Chase chief investment officer Ina Drew  has reportedly  resigned in the aftermath of a $2bn trading blunder.

JPMorgan's shares fell almost 10% on Friday on news of the trading blunder

Ms. Drew has  reportedly been with the company for  more than 30 years.

The bank's co-chief of global fixed income in its investment bank, Matt Zames, will take over the reins.

The losses we reportedly made at a small trading unit in London.

Reports suggest that Achilles Macris, head of the unit, and Javier Martin-Artajo, a member of the desk, could both resign along with Ms Drew.