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WASHINGTON — Washington Mutual Inc. recently announced that it has eliminated some of its riskiest subprime mortgages to borrowers with poor credit or heavy debt. Other major banks feeling the sting of the subprime securities market and rising deterioration in the credit quality of mortgage and home equity lines have set aside greater reserves to cover bad loans. The list includes Citigroup, (which put aside $2.5 billion in the second quarter, an 75% increase over last year) JP Morgan (which upped its reserves 300%) Wells Fargo and Bank of America (which added 80% to its reserves).

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