JPMorgan profit slumps on writedowns
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20090115/2009_01_15t065059_450x305_us_jpmorgan.jpg?x=130&y=88&q=85&sig=kvcVlqVjiBbWtrCRkzHFLw--" align="left" height="88" width="130" alt="People walk past the JPMorgan Chase and Co building in New York March 17, 2008. (Chip East/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090115/bs_nm/us_jpmorgan)Reuters - JPMorgan Chase & Co's fourth-quarter profit plunged 76 percent as it wrote down bad loans, signaling that even the bank that has avoided the worst of the credit crunch is struggling with the recession.</p><br clear="all"/>
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