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JPMorgan's Dimon Talks About His New $25B

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"We did not think JPMorgan should be selfish or parochial and try to stop what is good for the system," he said.

Of course, there have also been reports that the Treasury Department was not prepared to take "no" for an answer. So Mr. Dimon and his fellow banking chiefs may have had little say in the matter anyway.

And there was another big question hanging over JPMorgan: What will it do with the government's money? Mike Mayo, a longtime banking analyst, asked Mr. Dimon on Wednesday whether acquisitions might be an option.

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