JPMorgan profits fall 19% as mortgage business fades

US banking giant JPMorgan Chase as reported a sharp fall in profits at the start of 2014, which it blamed on declines in its mortgage business. The bank said net income in the three months to the end of March was $5.3bn (£3.1bn) - a fall of 19% compared with a year earlier. via Pocket http://ift.tt/1qFzgPL