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JPMorgan's Losses 'May Reach $9 Billion'

First it was $2 billion.

Then "as high as $4 billion."

Now there's word from The New York Times that:

"Losses on JPMorgan Chase's bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation."

The total has grown, according to the Times, "as the bank has been unwinding its positions."

It says the bank declined to comment.

As we reported last week, while he declined to tell Congress just how much the losses will end up being, JPMorgan CEO Jamie Dimon had a quip ready when asked if they might approach $1 trillion.

"Not unless this earth is hit by a moon," he said.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

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How Artificial Intelligence And Robots Will Impact Jobs And How We Think About Work

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How Artificial Intelligence And Robots Will Impact Jobs And How We Think About Work

Many experts say artificial intelligence and robots will displace jobs at a faster and faster pace over the coming decade. What changes in technology could mean for how we work.

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