JP Morgan Chase losses are staggering

CREATED Jun. 28, 2012

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(Las Vegas, NV)- Losses for JP Morgan Chase could be much higher than orgininally estimated.

A new report says trading losses could reach 9 billion dollars. In May, JP Morgan CEO Jamie Dimon announced a two-billion-dollar loss.

Since then, Dimon and other top executives have been under fire for the trades that led to the bank's multi billion dollar loss.