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One of the leading banks in the U.S. came up with a way to increase profit by $ 1 billion

 

 

One of the major U.S. banks - JPMorgan Chase - over the next five years plans to increase profit before tax for a billion dollars. According to The Financial Times, for this purpose in the organization are committed to joining the private sector arm with the Department of Customer Services.In 2011, JPMorgan profit before tax was 10.4 billion dollars. Meanwhile, in January this year, the banking corporation reported receiving a record net profit for the previous year - at $ 19 billion.In mid-July, JP Morgan reported on the results of the second quarter of 2012. In April-June, the Bank received a pre-tax loss of 4.4 billion dollars due to an erroneous strategy in the investment market, however, was able to get a net profit of five billion dollars.Pretax losses JP Morgan (who at the bank previously estimated at two billion dollars) have been associated mainly with the risky operations of one of the traders' organization - Bruno Michel Ixil, nicknamed "The London whale." In May, the investment bank's losses have led to a massive scandal, which resulted in a number of heads JP Morgan resigned and activities of the organization interested in the FBI and Department of Justice



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