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Home>How a Memo Cost Big Banks $37 Billion

How a Memo Cost Big Banks $37 Billion

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Fri, 19 Dec 2014

By Andrew Grossman, Emily Glazer and Christina Rexrode Assistant U.S. Attorney Richard Elias was leafing through a pile of J.P. Morgan Chase & Co. documents while tending to his newborn son in 2012 when he found something that came back to haunt the three largest U.S. banks. In a memo, one J.P.
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