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JPMorgan May Have Lost $9B

Losses staggeringly worse than estimated

By Kevin Spak,  Newser Staff

Posted Jun 28, 2012 7:47 AM CDT

(Newser) – Forget $2 billion; JPMorgan's trading losses on its bad derivative bets could reach a jaw-dropping $9 billion, sources tell the New York Times, based on an internal company report. Jamie Dimon had warned investors that the $2 billion loss could double within a few...   Read full story »

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