JPMorgan profit hurt by home equity loans (Reuters)

The JPMorgan Chase headquarters in a file photo. JPMorgan Chase said on Wednesday it tripled the amount set aside for loan losses as even borrowers with good credit defaulted on home equity loans, hurting the bank's quarterly profit. (Peter Morgan/Reuters)Reuters - JPMorgan Chase & Co. said on Wednesday it tripled the amount set aside for loan losses as even borrowers with good credit defaulted on home equity loans, hurting the bank's quarterly profit.


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