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JPMorgan Could Lose $5 Billion in Southern Europe, Welt Says

JPMorgan Chase & Co. could lose some $5 billion from its investments in southern Europe should the euro-region crisis deteriorate significantly, Welt am Sonntag reported, citing an interview with the company’s chief executive officer, Jamie Dimon.

Such a loss, which would represent around 30 percent of its total $16 billion invested in the region, would “damage us but not kill us,” Welt cited Dimon as saying. The company hasn’t reduced its investments in Portugal, Italy, Ireland, Greece or Spain, he said.