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JPMorgan Staff Lawyer Up

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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

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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.

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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.