Standard & Poor's revises JPMorgan outlook to negative
Posted on May 11, 2012 at 18:54 PM EDT
NEW YORK, May 11 (Reuters) - Standard & Poor's Ratings Services on Friday revised its outlook on JPMorgan Chase & Co. and its banking subsidiaries to negative from stable, citing the bank's disclosure of a $2 billion trading loss, the result of a failed hedging strategy.
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