JP Morgan’s loss just keeps growing.

From New York Times’ DealBook.

As I was saying the other day, the problem the bank has is that it can’t easily unwind the “London Whales” derivatives trade.

Whenever you see the phrase, notional value, you know you are dealing with derivatives. Notional value is a number that the actual cash trade/bet is based on. The report says that the notional value of the Chase trade is maybe $200 billion.

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