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(The Year 2012 In Review)
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|User Info||JPM: It Gets Worse; entered at 2012-05-21 10:07:35|
Registered: 2008-02-08 Oakland-Proudly
Up, up and away....|
NEW YORK (CNNMoney) -- One thing seems clear about JPMorgan Chase's $2 billion loss. It's no longer $2 billion. It's likely much higher.
The number being bandied about now is closer to a range of $6 billion to $7 billion, according to several people working on trading desks that specialize in the derivatives JPMorgan Chase (JPM, Fortune 500) used to make its trades and from two sources with knowledge of the bank's positions.