Eschewing legal action (for the moment), Portugal and JPMorgan (JPM) are in talks to resolve...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

Eschewing legal action (for the moment), Portugal and JPMorgan (JPM) are in talks to resolve differences over the bank's sale of potentially costly derivative contracts to state-owned companies there. Lisbon could face losses of up to €3B over products aimed at hedging higher European money rates just as they were set to plunge.