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Weekly Roundup: JPMorgan Chase Fired Staff Over Coronavirus Loan Fraud, Austria Investigates Bank Executive, and More

JPMorgan Chase reportedly fired several employees suspected of conspiring with clients to embezzle U.S. government loans intended for firms impacted by the novel coronavirus pandemic, the Financial Times reported. More U.S. prosecutors over the past six months have charged 57 individuals with attempting to steal at least $175 million in subsidized loans amid the COVID-19 pandemic, The New York Times reported. More Austrian authorities are investigating the former deputy chairman of Commerzialbank's supervisory board on suspicion of money laundering tied to €10.4 million of potentially illicit transactions, MeinBezirk.at reported. More A Swiss court sided with Credit Suisse in delaying the...

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