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Why Companies And CEOs Rarely Admit To Wrongdoing

Sep 20, 2013 (Morning Edition) — JPMorgan Chase revealed last year that some traders in London concealed losing $6 billion. The company has agreed to pay $900 million in fines, but federal regulators also forced the bank to admit to wrongdoing. One analyst says admitting mistakes tarnishes your reputation.

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Sonari Glinton

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