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JPMorgan admits fault, pays $920M in trading loss

WASHINGTON (AP) — The financial penalty is staggering. JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year. But the bigger price may be a few words rarely uttered in settlements with U.S. regulators: The nation’s largest bank is also admitting wrongdoing. JPMorgan’s acknowledged failure of oversight […]