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JPMorgan Chase faced intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
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CLIFF ROSSI

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abtest

US banks under fire after JP Morgan's $2-B loss

May 13, 2012 - 12:00am

JPMorgan Chase faced intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.

Business