Dear Analyst #38: Breaking down an Excel error that led to a $6.2B loss at JPMorgan Chase
You blink a few times at the screen and realize what you’re seeing is not a typo. $6.2B has left your bank due to some rogue trader making untimely bets on the market. That’s B as in billion. You call up the modeler who was supposed to make sure this never happens to your bank. […]