JPMorgan Tops List of Richest Banks
March 4, 2010 – 12:31 pmAs 2009 began, the world’s banks and brokers were in a deep hole. They had recorded some $1 trillion in credit losses and writedowns of their mortgage holdings in the financial crisis of 2007 and 2008, and markets were still reeling. To recapitalize, they issued stock — a lot of it.
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Tags: Banks, Credit Losses, Deep Hole, Financial Crisis, Jpmorgan, List, Lot, Mortgage, Richest, Stock, Tops, Trillion, World Banks
