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London Whale

Gavel

Financial Markets

JPMorgan Takes Another Legal Hit, But Wins One Too

A Missouri pension fund has sued JPMorgan Chase executives and board members over $6.2bn in trading losses that were revealed last year, citing a recent U.S. Senate report that criticized the bank's management for failing to catch the bad trades.

Beached Whale

Financial Markets

JPMorgan Whale Debacle Likely To Be Referred To SEC / Justice Department

U.S. Senator Carl Levin said he plans to forward results from his panel’s nine-month investigation into JPMorgan Chase’s record trading loss to the Justice Department and Securities and Exchange Commission to review for possible wrongdoing by company executives.

Beached Whale

Financial Markets

Jamie Dimon Warns Of More London Whale Actions By Regulators

Jamie Dimon just warned shareholders that JPMorgan Chase will face more sanctions from regulators in the coming months.

Bald Eagle

Financial Markets

JPMorgan Claws Back Over $100m In Pay

JPMorgan Chase has clawed back more than $100m in pay from managers responsible for its record trading loss last year and awarded CEO Jamie Dimon less than three of his top lieutenants.

Teapot

Financial Markets

Top Firm Wins Award - Now Doesn't This Just About Take The Biscuit!

Making lemonade out of lemons.

Beached Whale

Financial Markets

Justice Dept. Probes JPMorgan's "Whale" Traders

The U.S. Department of Justice is in the advanced stages of an investigation into whether former traders in JPMorgan Chase's chief investment office in London engaged in criminal misconduct in the marking of credit positions last year, according to someone familiar with the matter.

Beached Whale

Financial Markets

You Hear Him, Jamie - Betting Against JPMorgan’s Whale Was ‘Easy’

JPMorgan Chase has been in an uncomfortable spotlight over the last week, after the release of a scathing Senate report related to its multibillion-dollar trading loss last year.

Paul Volcker Interview Pic

Financial Markets

'London Whale' Not End Of Big US Banks: Volcker

The "London Whale" risky trades involving JPMorgan is not going to spell the end of big American banks, according to Paul Volcker, former chairman of the U.S. Federal Reserve.

Beached Whale

Financial Markets

Inside The Mind of the London Whale

Bruno Iksil, the JPMorgan trader known as the London Whale, had an e-mail sent to about 20 colleagues last year estimating almost double the daily losses his book had shown thus far. Then the phone rang.

Beached Whale

Financial Markets

9 Memorable Quotes From The JPMorgan Senate 'Whale' Hearings

Including the email from a former JPMorgan Market Risk executive who dismissed initial loss estimates from the infamous 'London Whale' trades as 'garbage'.

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