post image

Can the U.S. government bail out JPMorgan Chase and Citigroup?

Can the federal government bail off two major U.K. banks, JPMorgan Chase & Co. and Citibank, which have been rocked by the so-called “London Whale” trading loss, by the end of the year?The answer is yes.Bloomberg News and Bloomberg Businessweek reported Friday that the Treasury Department is in discussions with the two institutions to extend