Industry News

Chase, Wells Fargo say they can weather subprime storm

Standard & Poor's warns of bigger losses on 2006 loans
Published on Jan 16, 2008

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by CareyBot

Investors showed renewed confidence that financial markets will weather the subprime mortgage crisis after JPMorgan Chase & Co. and Wells Fargo & Co. reported write-downs on mortgage-related investments dented fourth-quarter profits but that the firms remain adequately capitalized. Standard & ...