JPMorgan reports loss after $9.2bn charge

 
 
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Friday October 11 2013
 
 
Breaking news
 
JPMorgan reports loss after $9.2bn charge
 
JPMorgan Chase fell to its first quarterly loss in more than eight years after taking a $9.2bn litigation charge.

Jamie Dimon, chief executive of the largest US bank by assets, said the quarter showed a "strong underlying performance" but acknowledged it was "marred by large legal expense".
 
 
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