J.P. Morgan Chase & Co. is struggling to extricate
itself from disastrous wagers by traders such as the "London whale,"
in a sign that the size of its bets could bog down the bank's unwinding of the
trades and deepen its losses by billions of dollars. WSJ reports.
The nation's largest bank has said publicly that its losses
on the trades have surpassed $2 billion, and people familiar with the matter
have said they could over time reach $5 billion.
But the losses could be even bigger if the company sells its
positions into a market that has turned against its positions, ...
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