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JPMorgan sees home equity losses and 12,000 WaMu cuts (Reuters)

Started by riky, February 26, 2009, 04:05:32 PM

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riky

February 26, 2009, 04:05:32 PM
JPMorgan sees home equity losses and 12,000 WaMu cuts
    (Reuters)

 

Reuters - JPMorgan Chase & Co  said it expects losses of $1 billion to $1.4 billion in each quarter of 2009 tied to its "non-credit-impaired" home equity loan portfolio.


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