Profits double as JP Morgan Chase defies credit crunch

US banking giant JP Morgan Chase kicked off a bumper results season for Wall Street titans today after more than doubling profits in 2009.

Profits double as JP Morgan Chase defies credit crunch
Fri, 15 Jan, 2010 - 14:00

US banking giant JP Morgan Chase kicked off a bumper results season for Wall Street titans today after more than doubling profits in 2009.

The figures revealed pay, bonuses and benefits across the bank as a whole rose 18% to $26.9bn (€18.7bn).

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