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JPMorgan bet against itself
A U.S. Senate committee is probing the sequence of events that resulted in different divisions of JPMorgan Chase ending up on different sides of the infamous “London Whale” trade, which cost the bank $6.2-billion in trading losses.

European Commission slaps oil sands
Despite intense lobbying from Canada, the EU executive will not abandon its proposal to brand “tar sands” oil as more carbon-intensive than conventional crude.