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JPMorgan Traders Didn’t Understand Risks, CEO Dimon Says – San Francisco Chronicle

JPMorgan Traders Didn't Understand Risks, CEO Dimon Says
San Francisco Chronicle
June 12 (Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said traders in a London unit responsible for a $2 billion loss didn't understand the risks they were taking and weren't properly monitored. "This portfolio morphed into

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