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JPMorgan pays $100M, admits fault in London trades

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WASHINGTON (AP) — JPMorgan Chase & Co. has agreed to pay a $100 million penalty and admitted that its traders acted "recklessly" during a series of London trades that ultimately cost the bank $6 billion. The settlement announced Wednesday by the Commodity Futures Trading Commission comes less than a month after JPMorgan, the nation's largest bank, agreed to pay $920 million and admit fault in a...

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