JPMorgan posts first loss since 2004, a blow to Dimon

Through David Henry (Reuters) – JPMorgan Chase & Co Inc's hard-charging chief govt, Jamie Dimon, looked just a little more prone on Friday after the bank took a $7.2 billion hit from penalties, expected future litigation and other prison issues, reporting its first quarterly loss on account that 2004. The loss is a blow to Dimon, who has long used the bank's regular profit as a protect to push back critics of its mounting regulatory and felony considerations. …