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Old 01-14-2012, 10:02 AM
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Default JPMorgan Chase's quarterly profit falls 23 percent to $3.7 billion

Associated Press Friday, January 13, 2012 NEW YORK — The economy may be healing, but banks are suffering from a housing hangover. JPMorgan Chase spent $3.2*billion last year to fight lawsuits, almost all of them over poorly written mortgages. That was down from $5.7 billion in 2010, but it made clear that housing still haunts the bank, five years after the bubble burst. The bank said Friday that ...
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