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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.