Credit crunch cost $3-4trn – JP Morgan

By 2008-02-18T13:30:00

[14:30 CET 18-02] GLOBAL – JP Morgan officials say investment market turbulence sparked by the US subprime housing crisis may already have cost in excess of $3trn (€2.04trn) in lost credit and warn there could be more to come under tightened credit pricing.

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