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Board backs Dimon as CEO and chairman ... Boeing: 787 Dreamliner test 'uneventful' ... White House: China tech ban needs revision ... Chernin bids $500 million for Hulu ... News from United Press International.
Board members at JPMorgan Chase are urging shareholders to allow Chief Executive Jamie Dimon to remain as chairman, The New York Times reported.
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JPMorgan Chase denied it misled U.S. regulators and clients about huge trade losses, as the woman who oversaw the trades was to appear before the Senate Friday.
JPMorgan Chase misled investors and regulators failed to act on warnings about trades that led to at least $6 billion in losses, U.S. Senate investigators said.
Stocks close mixed Tuesday ... JPMorgan Chase to release report on losses ... Retirement funds rules turn on workers ... Retail group says shoppers have the blues ... News from United Press International.
The board of JPMorgan Chase plans to release an in-house report on how it lost $6.2 billion on trades in 2012, sources told The New York Times.
Vermont's independent Sen. Bernie Sanders said it is time to stop placing top Wall Street executives on the board of regional branches of the Federal Reserve.
Billionaire investor Warren Buffett endorsed Jamie Dimon, the top executive at JPMorgan Chase, to follow Timothy Geithner as treasury secretary.
JPMorgan Chase says losses from a massive trading blunder in the bank's London have reached $5.8 billion and could go as high as $7 billion.
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