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JP Morgan probed by FBI over losses

Sand Whale

Two former JPMorgan employees are suspected of misrepresenting a multi-billion-dollar trading loss last year while prosecutors in Manhattan are separately exploring ways to penalise the bank over the 'London Whale' trading blowup.

RBS reprivatization 'unrealistic' in next 5 years

RBS building

Britain's largely state-owned Royal Bank of Scotland is unlikely to be reprivatized before 2018, Business Secretary Vince Cable said in an interview published on The Telegraph newspaper website on Saturday.

More trouble in store for UK banks

Barclays Building Sign

HSBC has already been fined £1.2bn for breaching money-laundering rules and Royal Bank of Scotland and Barclays hit with major penalties for rigging Libor, but over the past two weeks Britain's major banks have warned shareholders of the wide range of investigations they still face that could lead to even more fines.

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Goldman said to hire new commodities traders

Goldman Sachs hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of departures, according to people familiar with the situation.