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Thursday, June 28, 2012

Loss From Risky JP Morgan Trade Could Reach $9 Billion

The risky trading at mega-bank JP Morgan Chase that came to light last month — first reported as causing a $2 billion loss — could end up costing the bank up to $9 billion, according to internal reports. JP Morgan CEO Jamie Dimon was called to testify before Congress this month about the bank’s risky [...]

via ThinkProgress http://thinkprogress.org/economy/2012/06/28/507828/jp-morgan-trading-nine-billion/?mobile=nc

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