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TAKING ITS LUMPS: "We thought the best option, perhaps the only sensible option … was to acknowledge our issues and settle as much as we could all at once, albeit at a high price," Dimon said in his letter to shareholders.

Time to Move Past 'Nerve-Wracking' 2013, Dimon Tells Shareholders

Legal battles took a toll on JPMorgan Chase, but CEO Jamie Dimon is now urging investors to focus on the future. Among his top initiatives for 2014: making the most of big data and strengthening cybersecurity.

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