JPMorgan's Dimon says getting rid of non-core business units, FT reports

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JPMorgan Chase CEO Jamie Dimon told staff that “simplifying” JPMorgan Chase was at the forefront of the bank’s response to a wave of regulatory probes, ahead of a settlement for the “London whale” trading episode, reports the Financial Times. He added that getting rid of non-core business units, especially those with legal or regulatory risks, was a “key initiative.”

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