CNN News:金融业里的风险

we`re going to get started with a headline from Wall Street. JPMorgan is one of these largest banks in the United States. In the last six weeks, one of its departments lost $2 billion. Now right off the bat, we want to say this not mean that JPMorgan is going out of business. It`s not even close. The bank made more than $5 billion in the first three months of this year.

我们首先来说一条来自华尔街的头条新闻。摩根银行是美国所有大型银行其中之一。在过去的六个星期里，摩根银行其中的一个部门损失了20亿美元。但我想说的是，这并不代表摩根银行从此就退出商业圈了。它甚至都没有休息。该银行在今年的第一个季度里创造了50多亿的营业额。

Still, the news of this loss is hitting the financial industry pretty hard. And some members of Congress are talking about holding hearings to consider whether there might need to be more government regulations, more government control of banks.

但是这条关于资金损失的新闻确确实实对金融业造成了严重的打击。一些国会成员也在讨论是不是要加强政府对金融业的管理和控制。

Experts consider JPMorgan one of the most secure banks in the U.S. There`s a division that`s responsible for making investments that are designed to protect the bank in case any of its other investments lose money. But it turns out that the protection that JPMorgan was getting was just as risky. The protection investments tanked and that`s what led to the $2 billion in losses.

专家则认为摩根银行是美国最安全的银行之一。银行中设有单独的一个部门负责保护银行，防止造成资金损失。结果却证明，对于摩根银行的保护仅仅是风险保护。而保护资金的冻结是造成银行损失20亿的根本原因。

This is Ina Drew. She was JPMorgan`s chief investment officer and she was in charge of the unit that lost that money. Drew had been with the bank for more than 30 years. Yesterday, she announced she`s retiring.

这是na Drew女士，她是摩根银行保护资金的执行总裁，同时也是这损失的20亿美元的项目负责人。她已经在摩根银行工作30多年了，昨天宣布退休。

Mary Snow now looks at how the bank`s leaders and some financial analysts reacted to all of this news.

Mary Snow是负责观察银行领导和一些金融专家对此事作如何反应的观察人。

JPMorgan Chase`s CEO Jamie Dimon waited until after the markets closed Thursday to make the stunning announcement that the bank lost $2 billion this quarter, a loss he blames on sloppiness and bad judgment.

摩根大通的首席执行官 Jamie Dimon 先生等待市场关闭。周三正式对外公布银行在这一季度损失20亿美元。Jamie Dimon 先生把损失的原因归结于工作疏忽和判断错误。

These were grievous mistakes. They were self-inflicted. We`re accountable and what happened violates our own standards and principles by how we want to operate the company. This is not how we want to run a business.

这是非常惨痛的失误。这是他们自己工作疏忽所造成的损失。我们承担责任，这件事的发生违反了我们想要经营公司的标准和原则。这不是我们想要的。

I cannot believe that a CEO of respect as much as Jamie Dimon, who a month earlier said everything was fine, said, whoops, we got it wrong.

我很难相信，一个受人尊敬的执行总裁会如此敷衍了事。早在一个月之前他还对外宣称一切很好，事后才会告诉人们，不好意思，我们认为错了。

Bank analyst Mike Mayo, the author of "Exile on Wall Street" says while the losses at JPMorgan Chase aren`t life- threatening to the bank, it raises much larger concerns.

银行家Mike Mayo，《流亡华尔街》的作者说，这次损失不是对银行存亡的威胁，而是可以引起更大焦点的关注。

The question is, are these big banks, including JPMorgan, too big to manage? They were taking actions to protect the company and they lose money. It`s as if I went out and took insurance out on my house and a month later I say, whoops, I lost $100,000 on the insurance policy. If you`re doing something to protect yourself, how do you lose money? People are still scratching their heads.

问题是，是这些大银行都很难管理经营么?他们对公司进行保护措施，然而自己却损失了资金。这就像我出去，给我的房子上了保险，然后一个月过后我说我损失了100,000美元的保险政策。如果你是在做一些保护自己的事，那你怎么能造成损失呢?人们任然想被这个问题所困扰。

That head-scratching focuses on the banks` chief investment office in London. That`s where one trader in particular was taking such large insurance-like bets that he gained the nickname "The White Whale." And it involved complex trading instruments that are similar to the ones that triggered economic chaos in 2008.

争论的矛头指向了位于伦敦的银行主要资金投资办公地点。这就是通常一个交易人员来换取巨额保险押注的地方，然而也获得了他的新称号，白鲸。这里包含复杂的交易程序，与引起2008年经济危机类似。

University of Maryland Professor Cliff Rossi, who managed risk at major banks, says because of the complexity of this business, it can`t be fully regulated.

在主要银行负责管理风险运营的马里兰大学 Cliff Rossi教授说，由于这种商业经营的负责性，不可能完全被管理。

There will always be areas, dark areas of the market and shadowy areas, if you want to call it that, that will remain very murky and very difficult to exactly know until a time like this arises when the other shoe falls, and now, you`ve got a problem.

总会有些地方，一些隐藏的看不见的细枝末节问题和黑暗领域会存在于市场经济里。如果你想把它彻底挖出来，它仍是非常模糊的不确定的，很难知道问题出现的时间。当这些黑暗领域有显现出来的时候，也就是你有麻烦的时候了。