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Leveraged Loans Are Wall Street’s Wild West

JPMorgan loan deal went very wrong.

By Laura J. Keller, Bloomberg | Updated on July 16, 2015

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.

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