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ZURICH (Reuters) - The Swiss parliament piled pressure on the nation's biggest banks on Monday in the wake of UBS AG's $2.3 billion loss from rogue trading, as a center-left party pushed for a ban on risky...
Contributed by Chriss Street . Specialist in corporate reorganizations and turnarounds, former Cha...
For many of the world’s big commercial banks, 2008 was a rotten year. The 12 largest losses were made by American and European outfits, four of them German.
On May 10, JPMorgan Chase admitted a "grievous" failure in their trading operations that led to a $2 billion loss for the storied investment bank in the past six weeks alone.
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