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Beware of fumes

7 January 2014 By Reynolds Holding, Antony Currie

JPMorgan has agreed to a criminal settlement and a $2.4 bln payout for years of failing to spot its client was a huge Ponzi schemer. Most banking transgressions and big resulting penalties have exposed a culture of greed across the industry. This, though, is unique to JPMorgan.

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