NEW YORK ( TheStreet) -- The departure of JPMorgan's (JPM) global head of proprietary trading, Mike Stewart, to start up a hedge fund seems to show that new banking regulations may not be toothless afterall.The Financial Times, which broke the story, described the exodus of Stewart and other members of his team as a setback for JPMorgan.
JPMorgan Defections Show Dodd-Frank Isn't Toothless - Today's Outrage
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