Business: Columnists and Blogs - The Washington Post: Wonkblog: JPMorgan is close to a record $13 billion settlement. Is it too big to manage?
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Reports this weekend are that JPMorgan Chase, the nation's largest bank, has reached tentative agreement on a record $13 billion settlement with federal prosecutors over its role in packaging the bad mortgage securities that were a key cause of the financial crisis. Beyond the immediate details of the potential settlement, the situation raises a bigger question, which Wonkblog posted earlier this month. Is JPMorgan Chase too big to manage?
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