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Jamie Dimon Blames JPMorgan Losses On Top Executives

Super Dimon

JP Morgan boss Jamie Dimon blamed the bank's $2bn-plus trading losses on 'poorly conceived' strategies of senior executives who failed to keep him informed, as he escaped largely unscathed Wednesday from a Senate banking committee hearing set up to investigate the affair.

ING Agrees To Forfeit $619m For Illegal Transactions With Cuban and Iranian Entities

Red Warning Light

ING Bank N.V. has agreed to forfeit $619m to the U.S. Justice Department and the New York County District Attorney’s Office for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) and for violating New York state laws by illegally moving billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities.