BUSINESS BRIEFING / BANKING
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TIMES WIRE REPORTS
JPMorgan Chase & Co. said it expected to record a $1.1-billion charge against its second-quarter earnings after paying the Treasury Department back all of the $25 billion in taxpayer money the bank received under a bailout program.
New York-based JPMorgan disclosed in a Securities and Exchange Commission filing that it expected the noncash charge to shave 27 cents a share from its earnings.
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