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JPMorgan trader said suspended

JPMorgan still

JPMorgan has suspended a foreign-exchange trader over allegations of wrongdoing related to his work at Royal Bank of Scotland, according to a person with knowledge of the decision.

Bloomberg: RBS 'phoenix' has yet to rise

RBS building

Royal Bank of Scotland was meant to return to private ownership within six years, according to the Bank of England policy makers arranging its bailout in 2008. The lender code-named 'Phoenix' has yet to rise from the ashes.

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