Bloomberg is reporting that a yet-to-be-released internal JPMorgan Chase (NYSE: JPM) report lays at least part of the blame for last year's London Whale trading debacle at the feet of the bank's ...
Of the many scandals that have plagued Wall Street of late, the “London Whale” trades, which cost banking giant JPMorgan Chase more than $6 billion, has captured the attention of the financial media ...
Bruno Iksil, the former JPMorgan Chase & Co. trader who became known as the “London Whale” as his unit began generating more than $6.2 billion in losses in 2012, surfaced on Monday to say he isn’t ...
2012 was a strange year for JPMorgan. The superbank came through the financial crash pretty clean, instead ending up with this rogue-trading scandal to deal with. The London Whale came seemingly out ...
WASHINGTON – Ina Drew, the former JPMorgan Chase & Co executive in charge of the unit that made the disastrous “London Whale” trades that became public last year, told lawmakers Friday that she does ...
After losing $6 billion in the “London Whale” trading scandal, JPMorgan Chase & Co. has settled on a whale of a fine with regulators. The New York Times reports that the bank, the largest in the U.S., ...