JPMorgan (JPM) Discloses $2B Trading Loss in Synthetic Credit Portfolio
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JPMorgan Chase & Co. (NYSE: JPM) said it now see a loss of $800 million in its CIO unit, versus an expected profit of up to $200 million.
The company said it had a $2 billion trading loss on synthetic credit portfolio.
The company said it had a $2 billion trading loss on synthetic credit portfolio.
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