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Wednesday, 26 November 2014

JPMorgan’s management failings beggar belief

Get out of Whale fee

Many of the Whale fail’s gory details were already known. But U.S. and especially UK watchdogs have given the most jaw-dropping account yet of how the bank mismanaged the trading book, responded to the crisis and misled its regulators. CEO Jamie Dimon has even less wiggle room.



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