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JPMorgan Will Shut Propietary Trading Desk In Response To Volcker Rule: Bloomberg

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Aug. 31 (Bloomberg) -- JPMorgan Chase & Co., the second- largest U.S. lender by assets, told traders who bet on commodities for the firm's account that their unit will be closed as the company begins to shut down all its proprietary trading, according to a person briefed on the matter.

Read the whole story at bloomberg.com

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