JP Morgan Now Estimates Trading Loss To Be $4.4 Billion

By David Taintor

July 13, 2012 3:12 a.m.

Start your day with TPM.

JP Morgan Chase is now reporting a $4.4 billion trading loss, up from its original estimate of $2 billion. The New York Times reported late last month that the loss could total as much as $9 billion.

Start your day with TPM.

David Taintor is a New York-based senior editor who oversees breaking news coverage. He previously worked at NBC News.

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