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F.B.I. Begins Preliminary Inquiry Into JPMorgan – NYTimes.com

The Federal Bureau of Investigation is examining potential wrongdoing surrounding JPMorgan Chase‘s $2 billion trading loss, people briefed on the matter said Tuesday.

The investigation, which is at an early stage, will focus on several possible lines of inquiry, the people briefed on the matter said. Among other things, investigators will examine JPMorgan’s accounting practices and public disclosures about the trades that prompted the loss.

These people cautioned that the inquiry was preliminary and that it was routine for the Justice Department to open a case after a big bank disclosed a huge blunder. The case is being led out of the F.B.I.’s New York office.

No one at JPMorgan has been accused of wrongdoing.

via F.B.I. Begins Preliminary Inquiry Into JPMorgan – NYTimes.com.

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