JP Morgan Posts Loss Ahead Of Expected Fines | WAMU 88.5 - American University Radio
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JP Morgan Posts Loss Ahead Of Expected Fines

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JP Morgan Chase reported something unusual today: a loss. The bank has been forced to set aside a huge cash reserve to cover expected fines and related legal costs. In the most recent quarter, the set-aside was so large — $9.1 billion — that it produced a net loss for the bank.
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