JPM and BAC to write down $3 billion in loans: report (Reuters via Yahoo! News)
Story date: 2007-10-08 01:59:02
Added on: 2007-10-08 05:16:24
JPMorgan Chase and Bank of America are expected to disclose losses of about $3 billion in mortgage securities and leveraged loans when they report earnings this month, the Financial Times reported, citing an analyst.
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