JPMorgan Could See $4.5B in Additional Losses on Mortgage Probe

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JPMorgan Chase (JPM) said late yesterday it may have to record as much as $4.5 billion in additional losses related to inquiries into its mortgage foreclosure practices. That amount would be in addition to what the bank has already set aside for fines and legal costs relating to the probes as well as its efforts to correct its mortgage foreclosure procedures.

Credit: Market News Video
Copyright: Copyright (2011) Market News Video.

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