JP Morgan's second-quarter earnings fell 8.7% on a double-digit decline in revenues and a $4.4bn trading loss on its chief investment office's synthetic credit portfolio.

The US's largest bank by assets posted a $5bn second-quarter profit and tied some trading losses at its Chief Investment Office to possible mismarking of positions.

JP Morgan second-quarter profit falls 8.7%

The Wall Street bank's second-quarter earnings fell 8.7% as it announced a $4.4bn loss due to an unauthorised trading blunder

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