WASHINGTON, Oct 10 (Reuters) - JPMorgan Chase & CoChief Executive Jamie Dimon said his company has lost up to $10billion as a result of the government asking him to buyteetering Wall Street firm Bear Stearns during the financialcrisis.
"I'm going to say we've lost $5 billion to $10 billion onvarious things related to Bear Stearns now. And yes, I put it inthe unfair category," Dimon said, speaking at a Council onForeign Relations event.
Dimon said the losses come from litigation and writedowns,among other expenses.
Last week, JPMorgan was hit with a fresh civil lawsuit fromthe New York attorney general, seeking to hold the bankaccountable for allegations that Bear Stearns deceived investorsbuying mortgage-backed securities.
"Would I have done Bear Stearns again knowing what I knowtoday? It's real close," Dimon said.
(Reporting By Karey Wutkowski and Sarah N. Lynch; Editing byGerald E. McCormick)
Keywords: JPMORGAN DIMON/BEARSTEARNS