Why Barclays CEO Staley opted for war when Dimon chose surrender

Jes Staley, Dimon

NEW YORK: When the United States 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.

Dimon, normally an outspoken critic of regulatory overreach, sought to make peace.

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Business , Banking , US , Barclays , JP Morgan , banking , Dimon , Staley , combative , stocks , shares ,

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