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Everyone else may be fleeing the eurozone but JPMorgan (JPM -2.5%) has upped its lending to the...

Everyone else may be fleeing the eurozone but JPMorgan (JPM -2.5%) has upped its lending to the area to $15.9B on Nov. 17 from $14B at June 30. The bank's long and short exposure is "huge," CEO Dimon said yesterday. "Maybe it’s $100B by $100B" but he forgot the exact figure. Good thing JPM's got a "battleship balance sheet."
Comments (7)
  • Lint
    , contributor
    Comments (391) | Send Message
     
    "too big to fail"
    8 Dec 2011, 10:39 AM Reply Like
  • spinninglotus
    , contributor
    Comments (21) | Send Message
     
    JP Morgan will go down with Europe...
    8 Dec 2011, 10:41 AM Reply Like
  • happyshorter
    , contributor
    Comments (1029) | Send Message
     
    "Dimon said yesterday. "Maybe it’s $100B by $100B" but he * forgot the exact figure.* "

     

    He forgot?
    I guess he should ask his staff before speaking to the press.
    Maybe he would prefer us not know!
    8 Dec 2011, 10:59 AM Reply Like
  • jw4golf
    , contributor
    Comments (340) | Send Message
     
    he could always check with corzine. what about derivatives?
    8 Dec 2011, 11:14 AM Reply Like
  • anbutam
    , contributor
    Comments (2) | Send Message
     
    hope JPM doesn't end up like MF Global
    8 Dec 2011, 12:10 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1169) | Send Message
     
    I'd like to see how JPM hedged this bet
    8 Dec 2011, 12:11 PM Reply Like
  • happyshorter
    , contributor
    Comments (1029) | Send Message
     
    It's not the first time that Dimon "forgets" numbers before he talks publicly.
    I would also like to see see how JPM hedged this bet.
    5 Jan 2012, 04:42 PM Reply Like
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