Reuters
Business
JPMorgan $2 billion loss hits shares, credit, image
Sat, May 12 16:49 PM EDT

By David Henry and Douwe Miedema

NEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry.


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