Bloomberg News

New Twist in JPMorgan Loss Spotlights Pricing

May 31, 2012

Bloomberg's Stephanie Ruhle and Erik Schatzker report that the JPMorgan Chase & Co. unit responsible for at least $2 billion in losses on credit derivatives was valuing some of its trades at prices that differed from those of its investment bank, according to people familiar with the matter. The discrepancy may have obscured by hundreds of millions of dollars the magnitude of the loss before it was disclosed May 10. They speak on Bloomberg Television's "Inside Track." (Source: Bloomberg)

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