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JPMorgan loses $2bn in hedging 'error'

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Al Jazeera English

6 Views • Jul 28, 2012

Description

JPMorgan Chase, the largest bank in the United States, says it has lost $2bn in the past six weeks on a trading portfolio designed to hedge against risks the company takes with its own money.

Al Jazeera's Kristen Saloomey reports from New York.