Releasing its second quarter results on Friday the 13th, JPMorgan Chase & Co. said sour trades by  “the London Whale” amounted to $5.8 billion, and said it would restate its first quarter results.
New York City-based JPMorgan Chase has Fairfield County”™s fourth largest market share of deposits at 12 percent, and dominates the Westchester County, N.Y. market with nearly one in five of every dollar on deposit.
In the second quarter, JPMorgan Chase earned $5.0 billion, compared with net income of $5.4 billion in the second quarter of 2011. The company increased business loan originations nationally by 14 percent from a year earlier, and said small business loans in the first half totaled $10 billion, up 35 percent from the first half of 2010.
