NEW YORK (Reuters) -- Bear Stearns Cos (BSC.N), the investment bank being acquired by JPMorgan Chase & Co (JPM.N) after losing its liquidity, on Friday said it will probably incur $288 million of losses in the second quarter stemming from a municipal bond program and a write-down.

In a filing with the U.S. Securities and Exchange Commission, Bear said it recognized $200 million of losses related to some trust certificates under a municipal tender option bond program.
Bear also said it will probably record an $88 million loss to write down goodwill and intangible assets.
Bear has yet to report first-quarter results, but on Thursday said it expected them to be ""significantly lower"" than a year earlier. It expects the merger to close by June 30.