jamie dimon as i am told from a number of analysts as they exited the conference call, he was very apologetic. you have to admit, he has come out in front of the problem, addressed it, has taken responsibility for it. he asked that three people in charge of this chief investment office to resign. they re now claiming they re going to go after claw backs, means they can go up to two years of compensation for the individuals, and evidently the one in charge of the office offered to give ahead of them asking. and no severance pay and no compensation for 2012. so there is some fall back in terms of these individuals. we don t know how many other people may be involved. that s still to come. however, there s still about 30% of this trading operative that s out there, still to be unwound. we don t know if there will be more operating losses. one analyst expects there to be a gain, but as allison is about to tell you, no question, analysts and investors like what they heard this m
it is $5.8 billion and counting. that s how much the nation s biggest bank said it lost so far from a complex trading scheme that was supposed to hedge against risk. the updated figures came in as the ceo jamie dimon personally briefed analysts on second quarter earnings which still managed to beat expectations. team coverage this morning, alison kosik live at the new york stock exchange to explain how this could impact all of our wallets. let s start with felicia taylor. you re at jpmorgan chase headquarters in new york. we have a healthy bank, o do we have a healthy bank i guess judging by overall earnings? reporter: actually, we do. the point is let s look at the numbers and what we know now as a result of that risky trade. as you mentioned, a $5.8 billion loss. nevertheless, the company was able to absorb the losses and make $5 billion in the second quarter. so when you talk about the health of the bank, no question about it, they had earnings that outpaced expectation.