JPMorgan, Bank of America May Write Down Buyout Loans

"Rising subprime mortgage defaults in the U.S. have rocked credit markets in the past three months, leaving banks with losses on home loans and about $370 billion in unfunded buyout financing. New York-based JPMorgan and Charlotte, North Carolina- based Bank of America shared 30 percent of the U.S. finance market this year, according to data compiled by Bloomberg."