“JPMORGAN as an institution failed and failed miserably,” said Preet Bharara, New York’s federal attorney, when explaining earlier this week a $1.7 billion settlement in the case of the bank’s failure to detect horrendous fraud of Bernard Madoff…

“JPMORGAN as an institution failed and failed miserably,” said Preet Bharara, New York’s federal attorney, when explaining earlier this week a $1.7 billion settlement in the case of the bank’s failure to detect horrendous fraud of Bernard Madoff…
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