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UK bank shares fall after JPMorgan loss disclosed
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May 11, 2012
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<p><a href="http://news.yahoo.com/uk-bank-shares-fall-jpmorgan-loss-disclosed-100521314--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/OdJaPUwFeiHscL1dcPdh9w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/6885cdcd4729490d0f0f6a706700ee2b.jpg" width="130" height="86" alt="Automobiles pass a JP Morgan Chase building Thursday, May 10, 2012, in New York. JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. The company's stock plunged almost 7 percent in after-hours trading after the loss was announced. Other bank stocks, including Citigroup and Bank of America, suffered heavy losses as well. (AP Photo/Frank Franklin II)" align="left" title="Automobiles pass a JP Morgan Chase building Thursday, May 10, 2012, in New York. JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. The company's stock plunged almost 7 percent in after-hours trading after the loss was announced. Other bank stocks, including Citigroup and Bank of America, suffered heavy losses as well. (AP Photo/Frank Franklin II)" border="0" /></a>Shares in major British banks fell Friday in the first day of trading after JPMorgan Chase revealed a surprise loss of $2 billion in six weeks in trading on derivatives by its London operation.</p><br clear="all"/>
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