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JPMorgan ‘Confessions’ Fall on Deaf Ears

Category : Business, Stocks

NEW YORK (TheStreet) — Cue the outrage. The New York Times ran a big headline on Tuesday:

“Former Brokers Say JPMorgan Favored Selling Bank’s Own Funds Over Others.”

The Times was, to borrow from Casablanca’s Captain Renault, shocked, shocked to find that banks favor selling more profitable in-house products over those put out by competitors. …

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