BUSINESS
07/17/2011 11:43 am ET | Updated Sep 16, 2011

Second-Lien Loans May Prompt New Losses For Banks

On Thursday, JPMorgan Chase said it earned $5.4 billion during the second quarter. On Friday, Citigroup said it earned $3.3 billion.

Despite such happy tidings, many banks face a daunting challenge, and one federal regulators want to know more about: the potential costs associated with home loans that banks made during the great credit mania.

Read more on nytimes.com