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The Disastrous Loan Deal That Shows Wall Street Still Has a Wild West

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Is JPMorgan in Hot Water Over Loan Deal?

JPMorgan Chase & Co. knew federal authorities were investigating the largest drug-testing lab in the U.S.

But the New York-based bank didn’t share that information about Millennium Health LLC with the people who were about to lend the company $1.8 billion in April 2014 because Millennium said it wasn’t material, according to a person with direct knowledge of the matter.