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JPM to Take Over Cazenove for $1.7B

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JPMorgan Chase said Thursday that it has agreed to buy out its venture with Cazenove Group for $1.7B, sealing the takeover of a 190-year-old British brokerage.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
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