Fitch Downgrades JP Morgan

Following the news of a $2 billion plus trading loss, ratings agency Fitch has downgraded JP Morgan to ‘A+’ from ‘AA-‘, reports Business Insider.

 

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Igor Bobic is the assistant editor of Talking Points Memo, helping oversee the site's coverage of politics and policy in Washington. While originally from Bosnia and Herzegovina, Igor feels best at home on the beaches of Southern California. He can be reached at igor@talkingpointsmemo.com.
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