JP Morgan marks down bridge book but no rush to exit
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JP Morgan marks down bridge book but no rush to exit

Sydney harbour bridge

JP Morgan has taken an $820m writedown on its book of bridge loans, nearly halving its investment banking revenues for the first quarter. However, the bank is not hurrying to exit these positions. Chief executive Jamie Dimon said “a couple” of its bridges could be syndicated this quarter if conditions are supportive.

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