Reuters reports that Julien Grout, a trader who joined JPMorgan in 2009, is drawing attention because he worked in the bank's Chief Investment Office and reported to Bruno Iksil, the French credit trader who is a central figure in the federal probe, said the two sources.
U.S. authorities are trying to determine whether traders in the bank's London office, including Iksil, tried to hide some of the losses sustained from a series of complex derivatives trades.
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In the meantime, Bloomberg reports that former JPMorgan Chase CEO William Harrison has said that investors overreacted to the firm's trading loss and that CEO Jamie Dimon is doing a 'great' job.
'It was disappointing to all of us that we had that kind of loss, but the important thing is to put it into perspective, which the market didn’t do very well', Harrison, 69, said in an interview on CNBC. 'A lot of people overreacted to it'.