You can't depend on your eyes when your imagination is out of focus ~ Mark Twain

Tuesday, March 1, 2011

JPMorgan may need $4.5b more to cover legal losses

According to CNBC’s Kate Kelly, JPMorgan has just released its 10-K and it reveals some shocking information.
Kelly says “JPMorgan has been named as a defendant in about 10,000 different law suits. And as a result, they could end up needing an additional $4.5 billion on top of what they’ve already set aside for legal losses."

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