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DealBook: Live Blog: Senate Banking Hearing on JPMorgan

Jamie Dimon, the chief executive of JPMorgan Chase, is testifying on Capitol Hill about a failed derivatives trade that could cost the bank as much as $5 billion in losses.

 

Obama: I'll veto bill without derivatives curbs

President Barack vowed Friday to veto a financial overhaul bill that doesn't regulate the eclectic derivatives market, even as Senate Republicans lined up en mass against it.

 

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