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On July 25, 2011, JPMorgan Bank filed a third-party complaint against the FDIC in the Southern District of Ohio, claiming the FDIC indemnified JPMorgan when it agreed to buy assets from Washington Mutual, which went bankrupt in 2008
The FSA has, for the first time, as part of its more proactive product intervention strategy, issued draft guidance on how it considers products should be designed and developed
