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JPM - Bank Stocks Fall After Report on Industry's Failure to Address Money Laundering
JP Morgan Chase & Co.
A report from BuzzFeed alleging that several of the most prominent banks in the world have not been doing enough to prevent money laundering sent shares of bank stocks tumbling Monday morning.
The list of banks named in the report include JPMorgan Chase (NYSE: JPM) , HSBC (NYSE: HSBC) , Standard Chartered (OTCMKTS: SCBFY), Deutsche Bank (NYSE: DB) , and Bank of New York Mellon (NYSE: BK) , among others.