BUSINESS

JPMorgan Chase Trading Loss Surpasses Bank's Initial $2 Billion Estimate By At Least $1 Billion

05/16/2012 10:58 pm 22:58:07

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.

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