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JPMorgan traders may have sought to conceal losses

By The Associated Press
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JPMorgan traders may have sought to conceal losses

JPMorgan Chase said Friday that its traders may have tried to conceal the losses from a soured bet that has embarrassed the bank and cost it almost $6 billion – far more than its CEO first suggested.

The bank said an internal investigation had uncovered evidence that led executives to “question the integrity” of the values, or marks, that traders assigned to their trades.

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