JPMorgan Chase says loses are worse

JPMorgan Chase's bad news

JP Morgan Chase_20100520220032_JPG

Copyright 2010 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Advertisement

Posted: 07/13/2012

New York - The bank made the announcement Friday as it reported its quarterly earnings.
 
CEO Jamie Dimon says the bank has "significantly reduced" the risk involved in the trade.

The scheduled investors' meeting will take place later this morning. This story is developing.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Comments
Advertisement
  • Stay Connected