JPMorgan Admits the Obvious: We Were Reckless

JPMorgan Chase & Co. (JPM)’s chief executive officer, Jamie Dimon, initially called the bank’s “London whale” trading debacle a “tempest in a teapot.” Some teapot. Today the bank agreed to pay $100 million to settle an action brought by the Commodity Futures Trading Commission. But more important…

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JPMorgan Admits the Obvious: We Were Reckless

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