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JPM quits student loans biz

Thursday, 5 Sep 2013 | 4:30 PM ET

JPMorgan Chase is leaving the student loan business, CNBC's Kayla Tausche has the story. And Sheila Bair, Former FDIC chair, joins to discuss JPM woes, explains why we need much tougher capital standards and reveals her support for Janet Yellen as Fed chair.