JP Morgan Posts Loss Ahead Of Expected Fines



Embed Code

Copy/paste the following code


JP Morgan Chase reported something unusual today: a loss. The bank has been forced to set aside a huge cash reserve to cover expected fines and related legal costs. In the most recent quarter, the set-aside was so large — $9.1 billion — that it produced a net loss for the bank.

Copyright 2016 NPR. To see more, visit

Copyright NPR. View this article on