NPR : News

Filed Under:

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


ABC Celebrates 50th Anniversary Of 'A Charlie Brown Christmas'

ABC will air "It's Your 50th Christmas Charlie Brown" Monday night. On the classic Christmas cartoon's golden anniversary, NPR explores what makes this ageless special endure.

L.A.'s Top Restaurant Charts New Waters In Sustainable Seafood

Providence is widely considered the finest restaurant in Los Angeles. Its award-winning chef, Michael Cimarusti, is piloting Dock to Dish, a program that hooks chefs up directly with local fishermen.
WAMU 88.5

U.S. Rep. John Sarbanes On How Money Influences Politics, Locally And Nationally

One of Maryland's federal lawmakers is behind some new ideas about campaign finance reform that have stalled in Congress, but are being taken up by local legislatures, including D.C.

WAMU 88.5

Computer Guys And Gal

Computer Guys and Gal sort out all the latest technology news from the last month.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.