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.

Guests:

Michael De La Merced

Produced by:

Arwa Gunja

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