Bloomberg |
JPMorgan Veered From Hedging Practices at Competing Banks
Bloomberg JPMorgan Chase & Co. (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion loss and buy fewer bonds exposed to credit risk. Bank of America Corp., Citigroup Inc. (C) and … JPMorgan suspends stock repurchase plans Revived focus on regulation after JPMorgan loss JPMorgan stops stock buys, cites need for capital |
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