News that conservative banking giant JP Morgan suffered a major loss due to a botched trading strategy hit equities hard and is likely to continue to have repercussions beyond Europe’s equity markets (all currently lower) and back onto Wall Street when it opens later today. According to the media report and with confirmation from the JP Morgan CEO Jamie Dimon the banking firm will record a loss of at least $2 billion, and possibly at least another billion when all is said and done. Read more