FBI Has Opened an Inquiry Into $2 Billion JPMorgan Loss

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CBS News has confirmed that an FBI inquiry into the $2 billion loss reported by JPMorgan Chase is in its initial stages. On May 10th, JPMorgan CEO Jamie Dimon announced that poor trading in synthetic credit positions had caused the loss. He also said that the company will consider reclaiming incentive pay from employees. [CBS News]

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