JPMorgan restates results as Whale loss widens to $4.4bn
JP Morgan Chase is to restate its Q1 results downwards by a net $459m after it revealed the losses it has sustained from its ‘London Whale' positions have widened to $4.4bn.
With losses from the synthetic credit portfolio sitting within the bank's Chief Investment Office now totalling $4.4bn, JPM said in today's Q2 results that the rest of the portfolio will be transferred...
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