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JPMorgan discloses $2 billion in trading losses

Source: The New York Times

admin//May 11, 2012

JPMorgan discloses $2 billion in trading losses

Source: The New York Times

admin//May 11, 2012

JPMorgan Chase, which emerged from the financial crisis as the nation’s biggest bank, disclosed on Thursday that it had lost more than $2 billion in trading, a surprising stumble that promises to escalate the debate over whether regulations need to rein in trading by banks.

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