Bruno Iksil himself had attempted to raise red flags about his own trades, The Wall Street Journal has reported, yet another wrinkle in the nearly year-long trading story.
The newspaper quotes relevant parts of J.P. Morgan’s own report that it released this month, which didn’t identify Iksil or his supervisor Javier Martin-Artajo, but demonstrates that concern was growing about the trades and the potential exposure.
In the meantime, Reuters reports that JP Morgan Chase & Co's six-month power trading ban will not affect existing contracts the bank has already sold, the Federal Energy Regulatory Commission said in a filing on Friday.
The investment bank had asked FERC to clarify whether the ban on selling electricity at market-based rates in some U.S. markets, which is due to start on April 1, would apply to electricity contracts it has already sold for that period.
Slaughter, a long-time dealmaker at the US’s biggest bank by assets, moved to New York in 2011 to take up the role of co-head of North American investment banking. Most recently, in December, his role changed to global chairman of diversified industrials.
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