Reuters: Regulatory News: Fed examining other risks being taken by JPMorgan

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Fed examining other risks being taken by JPMorgan May 14th 2012, 22:28 WASHINGTON | Mon May 14, 2012 6:28pm EDT WASHINGTON May 14 (Reuters) - The Federal Reserve is examining whether JPMorgan Chase & Co is taking risks elsewhere in the bank similar to the botched trading strategy that could cost the bank more than $2 billion, a Fed spokeswoman said on Monday. The central bank is also reviewing whether the trading losses have any broader implications for how JPMorgan manages its risk, the spokeswoman said.

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