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Business: JPMorgan dips into cookie jar to offset ‘London Whale’ losses

Source: Yahoo News

admin//May 29, 2012

Business: JPMorgan dips into cookie jar to offset ‘London Whale’ losses

Source: Yahoo News

admin//May 29, 2012

JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank’s now-infamous “London Whale,” compounding the cost of those trades. Continue reading

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