Massive JP Morgan Loss The Talk Of Wall Street
News > Business
Jim Zarroli
Friday, May 11, 2012 at 4:15 PM
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The surprise announcement by JP Morgan Chase that it lost at least $2 billion over the last six weeks raises a big question — just how effective was that post-financial crisis regulatory crackdown? Critics will likely use the loss as an argument for tougher regulations, but JP Morgan argues that absorbing the loss will not be a big problem.

This article is filed in: Business, Economy, U.S. News

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