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tdp2664 E money daily It has been reported that J.P. Morgan Chase & Co. (NYSE:JPM) could be set to lose $5 billion in Southern Europe, as the financial crisis in the region worsens. J.P. Morgan Chase & Co. (NYSE:JPM) Facing Huge Europe Loss One of J.P. Morgan Chase & Co. (NYSE:JPM)’s top official said that the bank could lose up to $5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain. Jamie Dimon, J.P. Morgan Chase & Co. (NYSE:JPM) Chief Executive, said that, "J.P. Morgan Chase & Co. (NYSE:JPM) is exposed to the five countries (PIIGS) to the tune of around $15 billion. We fear we could lose up to $5 billion … J.P. Morgan Chase & Co. (NYSE:JPM) hopes the worst won't happen, but even if it did happen, I wouldn't be pulling my hair out," .Europe is the worst problem for the banking sector. But the EU and euro are solid even if the states will have to be financially responsible and do all they can to develop common social policies .The recent extraordinary liquidity measures taken by the European Central Bank had been a good move. Banks will have to have more capital and sell assets, but at least they have liquidity". JP Morgan Chase & Co. (NYSE:JPM) company shares are currently standing at 35.92. Price History Last Price: 35.92 52 Week Low / High: 27.85 / 48.36 50 Day Moving Average: 32.73 6 Month Price Change %: -10.2% 12 Month Price Change %: -19.2%
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