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The Boston Globe

Business

Senate panel says JPMorgan misled regulators

JPMorgan Chase & Co. ignored internal controls and manipulated documents, while its influential chief executive, Jamie Dimon, withheld some information from regulators as the nation’s biggest bank racked up trading losses last year, a new Senate report says.

The findings by Senate investigators shed new light on the multibillion-dollar trading blunder, which has claimed the jobs of some top executives and prompted investigations by authorities. The 300-page report, released a day before a Senate subcommittee plans to question bank executives and regulators in a hearing, will escalate the debate in Washington over regulating Wall Street.

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