Marketplace for Thursday, September 19, 2013
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The London Whale fiasco has led to a $920 million fine for the bank JPMorgan Chase. An alphabet soup of regulators get a share, but who else takes a cut? Also, California is likely to become the first state to regulate -- and therefore recognize -- ride-sharing made possible by apps Uber and Lyft. And finally, 'tis the season for retailers to tighten generous return policies. REI no longer lets customers return products after years of use, and Bloomingdale’s is trying to halt clothing returns after just a single use.