Posts Tagged “London Whale”
by The Compliance Exchange on August 9, 2013
Bruno Iksil, the former trader known as the “London whale,” is unlikely to face charges related to bets that backfired into losses of more than $6 billion for J.P. Morgan ChaseJPM -0.86% & Co., according to people close to the matter. The French (…)
by admin on January 14, 2013
JPMorgan Chase will likely slash the bonus of its CEO Jamie Dimon over the bank’s major trading loss earlier this year, according to a Wall Street Journal report.
by The Compliance Exchange on August 3, 2012
A J.P. Morgan Chase JPM +2.93% & Co. executive encouraged the trader known as the “London whale” to boost valuations on some trades, said a person who reviewed communications emerging from the bank’s internal probe of recent trading losses.
by The Compliance Exchange on July 24, 2012
Trading surges that temporarily boosted the value of credit derivatives held by JPMorgan Chase & Co. (JPM) may provide clues about whether traders at the bank masked losses that have spiraled to $5.8 billion.
by The Compliance Exchange on July 13, 2012
Bruno Iksil, the JPMorgan Chase & Co trader known as the “London Whale”, has left the bank.
by The Compliance Exchange on July 11, 2012
J.P. Morgan Chase JPM +0.99% & Co. plans to reclaim millions of dollars in stock from executives at the center of the trading blunder that shocked Wall Street and tarnished the reputation of Chief Executive James Dimon.
by Beth Connolly on June 20, 2012
Regulators attempted to explain how they managed to miss the massive position that led to J.P Morgan’s $2 billion loss.
by Kyle Colona on June 4, 2012
SEC extends “circuit breaker” procedures and “limit up, limit down” rule, CFTC files creditor claim against MF Global, SEC enforcement action against Quantek
by Beth Connolly on June 1, 2012
It’s not surprising, but it is troubling: a source revealed to Bloomberg that Bruno Iksil, aka the London Whale, had a value-at-risk (VaR) equivalent to the size of the entire bank’s since at least 2010 or perhaps even earlier. Iksil’s (…)