JP Morgan Chase Announces $2 Billion Loss

Friday, May 11, 2012

In a major hit for Wall Street, JP Morgan Chase disclosed a $2 billion loss on Thursday related to its credit investment portfolio. The trickle down effect could mean a loss of another $800 million in the second quarter for the bank’s Chief Investment Office. The Takeaway talks with Michael de la Merced, reporter for The New York Times' Deal Book.


Michael De La Merced

Produced by:

Arwa Gunja

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