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JP Morgan profits jump in second quarter

Now that America's financial regulation has been passed, what do the new regulations means for America's biggest bank?

Jamie Dimon, the head of JP Morgan Chase has already warned today that the competitiveness of US banks must be protected, along with the interests of consumers.

It comes as JP Morgan Chase reports strong 2nd quarter earnings, setting the tone for results from other big financial institutions.

Caroline Hepker reports.

  • 15 Jul 2010