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Wednesday, February 4, 2026

JPMorgan traders didn’t know the risks

JPMorgan traders didn't know the risks: CEO (via AFP)

Traders in the JPMorgan unit behind a $2 billion loss had little understanding of the risks they took, CEO Jamie Dimon told US lawmakers Tuesday as they grilled regulators for failing to spot the debacle. Regulators said there were supervisory failures at the banking giant but assured there was no…


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