The London Whale was a bit concerned about his billowing size.
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.
The London Whale Was Nervous (subscriber content)
JPMorgan dealmaker resigns after 26 years (subscriber content)
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