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JPMorgan Staff Lawyer Up

JP Morgan

The two-month-old investigation by U.S. authorities into how a group of traders in London caused a nearly $6bn trading loss at JPMorgan Chase is leading some players who were connected to the unit involved in the scandal to hire lawyers.

Libor-Fixing Problems Known at Height of Financial Crisis

Bank Of England Logo

The British Bankers' Association (BBA) issued a warning to banks in April 2008 to "submit honest rates" to its Libor setting panel, according to a series of emails which demonstrate that the problems with the crucial interest rate were being discussed at the highest level during the financial crisis.



Citi Building Sign

Citigroup's trading revenue slows

Citigroup’s first-quarter gains in trading revenue haven’t continued into the second, which looks to be holding at about the same level as a year earlier, CEO Michael Corbat said.