JP Morgan Chase’s energy-trading business, Mahonia Ltd, which did much of its business with bankrupt Enron – and became something of a surrogate bank for Enron – could cost JP Morgan as much as $1 billion according to the WSJ.
JP Morgan Chase To Loose $1bn in Enron Fall
JP Morgan Chase's energy trading business, Mahonia Ltd, which did much of its business with bankrupt Enron and became something of a surrogate bank for Enron could cost JP Morgan as much as $1 billion according to the WSJ.