jpmorgan losses 4 4 billion july 13 2012

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JPMorgan trading losses $4.4 billion, more than twice initial estimate

JPMorgan reported a $4.4 billion trading loss in its chief investment office, much larger than the initial estimate of $2 billion.

jpmorgan losses 4 4 billion july 13 2012

JPMorgan Chase & Co. chairman and CEO Jamie Dimon looks on while speaking at Simon Graduate School of Business at the University of Rochester's New York City Conference on May 3, 2012 in New York City. On July 13, 2012, the bank revealed that the losses thought to be around $2 billion, were closer to $4.4 billion.

Mario Tama

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