Second-lien Loans May Prompt New Losses For Banks

On Thursday, JPMorgan Chase said it earned $5.4 billion during the second quarter. On Friday, Citigroup said it earned $3.3 billion.Despite such happy tidings, many banks face a daunting challenge, and one federal regulators want to know more about: the potential costs associated with home loans that banks made during the great credit mania.Read More... More on The Recession

Topics:  jpmorgan chase   citigroup   recession   loans   banks   earned   

 

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