Months after disclosing billions of dollars in losses due to a botched trading strategy in the London branch of its Chief Investment Office, JPMorgan Chase has appointed executive Craig Delany to lead the unit.
Bank of America gained 5%, Goldman Sachs rallied 3.3% and JPMorgan Chase, which tapped executive Craig Delany to head up its CIO unit that was home to billions in trading losses earlier this year, added 4.3%.