JP Morgan Chase faces quarterly loss for the first time in nine years isak55
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
As reported earlier by the Global Legal Post, JP Morgan faces a string of expensive legal issues for which it has had to make numerous previsions. In Q3 of 2013, it added another $9.2 billion to its legal reserves, taking them to $23 billion. Its losses in the quarter were $380 million, according to the Seattle Pi. The largest expense it faces is an $11 billion settlement being discussed with the US Department of Justice on its sale of mortgage-backed securities.
Email your news and story ideas to: [email protected]
Copyright 2024 © The Global Legal Post. All Rights Reserved
