Dimon's Banking Magic

Story date: 2007-10-17 12:50:00
Added on: 2007-10-17 16:16:51

Forbes - It also had to mark down $339 million in the value of its holdings in collateralized debt obligations, a type of derivative backed by mortgage loans and other credits. JPMorgan estimates that 4% of its assets will be classified "level 3," meaning ...


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