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Real Estate & Property Law

: Housing Wire

JPMorgan: Banks Will Need More Capital

By KELLY CURRAN

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Banks will likely experience about  $400bn more in losses, and stress tests will reveal the need for additional capital infusions for certain institutions according to research released by JPMorgan Chase & Co. (JPM: 32.53 +9.57%). The report drawn up by a group of analysts for JPMorgan said total bank losses could reach a whopping $1.3trn. Banks [...]

Full post as published by Housing Wire on April 21, 2009 (boomark / email).

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