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Why Barclays opted for war when JPMorgan chose surrender

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Mr Dimon says JPMorgan paid a "premium" to settle to avoid having his lieutenants drawn into depositions and his company "demeaned" in the media.

New York

WHEN the US was seeking a record-breaking payment from JPMorgan Chase & Co for the sale of toxic mortgage-backed securities three years ago, Jamie Dimon went to Washington to sit down with Eric Holder, then the attorney general. Mr Dimon, normally an outspoken critic of

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