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Commentary: Simpler rules won’t necessarily make banks safer

The complexity of bank capital requirements has made them vulnerable to manipulation. In the rush to embrace simplicity, however, policymakers could inadvertently make safe investments unattractive for banks.

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JPMorgan ‘failed miserably’ in Madoff case

Manhattan U.S. Attorney Preet Bharara said JPMorgan Chase & Co, which agreed to pay $2.6 billion to resolve criminal and civil allegations it facilitated Bernard Madoff's Ponzi scheme, "failed miserably" as a financial institution.

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