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captioning sponsored by cbs this is the cbs evening news with scott pelley. pelley: good evening. we re beginning tonight with breaking news that will rattle the struggling financial markets. jpmorgan chase, america s biggest bank, just admitted it has suffered massive trading losses that cost the company $2 billion. the head of the bank says it is the result of sloppiness and bad judgment. senior business correspondent anthony mason has been talking to his sources and, anthony, what are you hearing? reporter: scott, the c.e.o. of jpmorgan chase, jamie diamond, held a surprise conference call this afternoon to announce the bank had lost about $2 billion in just the past six weeks because of bad bets in credit derivatives, the same financial instruments that played a key role independent financial crisis. this one we would put in the egregious category, diamond condition seeded on that call. the bank, the nation s biggest by assetes, could face another billion dollars
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