Showing posts with label JP MORGAN POSTS LOSS. Show all posts
Showing posts with label JP MORGAN POSTS LOSS. Show all posts

Saturday, October 12, 2013

JP MORGAN POSTS LOSS

JPMorgan Chase  which paid a whopping $920 million legal charges to settle  cases related to trading scandal has reported a loss in the third quarter amounting to $380m, as compared with a profit of $5.7bn in the same period last year.

JP Morgan is currently in talks with the US government over a potentially huge settlement relating to the sale of mortgage-related investment products in the run-up to the financial crisis.