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JPM to Settle with FERC; Ben Bernanke Update; PayPal's $92 Quadrillion Error

Breaking News This Morning ... Morgan Stanley Earnings: Morgan Stanley's profit rose 66% in the second quarter due largely to strong trading revenue. The firm also announced it is buying back $500 million worth of its own stock. Wall Street Journal, New York Times Receiving Wide Coverage ... JPM to Settle with FERC: JPMorgan Chase appears poised to break a record Barclays set just yesterday. Various news outlets report the bank is in talks to settle allegations of…

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