Reuters
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JPMorgan CIO retires, Obama says proves reform case
Mon, May 14 19:56 PM EDT

By Matt Scuffham and David Henry

LONDON/NEW YORK (Reuters) - The leader of JPMorgan Chase & Co's hedging unit is retiring after trading losses that could end up exceeding $3 billion, a shortfall that President Barack Obama said might have led the government to step in had such losses struck a smaller bank.


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