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JPMORGAN: We've had problems like Wells Fargo — but they're not 'systemic' (JPM, WFC)

JPMorgan has encountered some of the cross-selling issues that have recently plagued Wells Fargo — but it's nothing "systemic." That's according to chief financial officer Marianne Lake, who said on a call following third-quarter earnings that JPMorgan is conducting a deep-dive investigation following the news about its competitor. In September, Wells Fargo paid a $185 million settlement with regulators over accusations its employees wrongly opened as many as 2 million accounts in customers' names without their knowledge between at least 2011 and 2015.
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