JPM and BAC to write down $3 billion in loans: report (MSN Money Canada)
Story date: 2007-10-08 04:18:32
Added on: 2007-10-08 05:16:26
JPMorgan is likely to report mark-to-market losses on leveraged loans of about $1.4 billion and an additional $700 million in write-downs of mortgages and mortgage-backed securities, according to Howard Mason, analyst with Sanford Bernstein, the paper reported.
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