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The Boston Globe


JPMorgan chief vows to fix troubles

Trading loss, lax controls linger

NEW YORK — As the price tag swells for JPMorgan Chase’s multibillion-dollar trading loss, Jamie Dimon, the bank’s chief executive, offered an unvarnished message to employees Tuesday.

JPMorgan, which is poised to pay roughly $800 million to a host of government agencies, is working to “face our issues, roll our sleeves, and fix” the compliance and control problems throughout the bank, Dimon said in a companywide memo.

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