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Detailed text transcripts for TV channel - FOXNEWS - 20120515:22:16:00

Investigation into the banks $2 billion trading loss. the official said authorities have an obligation to look into it. but emphasized they have no indication that the bank broke any laws. news of the probe broke after the banks annual shareholder meeting in tampa, florida. inside, ceo jamie dimon apologized for investors to make risky bet with hybrid security. >> its flawed, complex, poorly con zeeed, poorly vetted an poorly executed. >> still, shareholders endorsed a multimillion dollar pay pa...
Trading Loss 2 Billion Jamie Dimon Shareholder Meeting Hybrid Security Poorly Con Zeeed

Detailed text transcripts for TV channel - FOXNEWS - 20120511:22:18:00

A.m. >> it rocked wall street and washington. so far, it does not appear to be threatening the broader economy or banking system. >> think how much better shape the banks are in today in 2019 than 2007. worlds different. sitting on a trillion dollars in cash. >> jp morgan stock fell 9%. to drag other banking stocks down with it. source close to the matter says the sikh launched preliminary investigation. >> the losses involved risky bets with hybrid security. >> it is safe to say regulators are ...
Washington State Banking System Wall Street Banking Stocks Jp Morgan Chase Hybrid Security

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