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JPMorgan posts loss on $9.2B legal bill

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JPMorgan Chase posted a $380 million third-quarter loss as the nation's largest bank paid $9.2 billion for legal fees and settlements of regulatory disputes stemming from the mortgage crisis and other issues, according to USA Today.

The company agreed to pay $920 million in fines during the quarter, admitting it failed to properly supervise traders who caused a $6 billion loss for the bank last year.

Read more at USA Today.

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