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Commuters are reflected in stone as they walk past the JP Morgan headquarters in New York
JPMorgan dips into cookie jar to offset 'London Whale' losses
JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades. CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses.
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