NEW YORK, April 16 -- J.P. Morgan Chase, which previously escaped largely unscathed from severe problems in the mortgage market, reported Wednesday that its first-quarter profit fell by half, showing how credit troubles in subprime home loans are now spreading to other types of consumer and business... -
J.P. Morgan Hit Hard by Credit Crisis
NEW YORK, April 16 -- J.P. Morgan Chase, which previously escaped largely unscathed from severe problems in the mortgage market, reported Wednesday that its first-quarter profit fell by half, showing how credit troubles in subprime home loans are now spreading to other types of consumer and business...-
By Tomoeh Murakami Tse and Thomas Heath