JPMorgan Chase (JPM) announced that James Staley, chairman of the investment banking unit, is leaving the bank to join BlueMountain Capital Management, the same hedge fund that profited from JPMorgan's $6.2 bil derivatives loss due to the "London Whale" trader. Shares rose 0.2% to 45.50.
Jitters in Japan and fear over the Fed have stoked a reversal in gold that follows a seven month, 25% slump. While …