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JPMorgan CEO: 'Dead wrong' about trading concerns

Jamie Dimon

The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was "dead wrong" when he dismissed concerns about the bank's trading last month.

 

Fed Says Most Top Banks Passed Stress Tests

The Federal Reserve also said on Tuesday that JPMorgan Chase, Wells Fargo, U.S. Bancorp and others could raise dividends or buy back stock.

 

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