-
By Mary Childs |
March 18, 2013
The trader whose wagers cost JPMorgan $6.2 billion and led to his ouster may have unwittingly helped pick his replacement.
-
By Mary Childs and Elizabeth Dexheimer, Bloomberg |
March 18, 2013
Bruno Iksil, the JPMorgan Chase & Co. 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.
-
By Cheyenne Hopkins |
March 14, 2013
JPMorgan Chase & Co. engaged in high-risk proprietary trading under the guise of ordinary hedging, said Senate investigators.
-
By Dawn Kopecki and Cheyenne Hopkins |
February 3, 2013
The Office of the Comptroller of the Currency reportedly told lawmakers it missed changes to JPMorgan's risk-tracking system that might have flagged bad bets sooner.
-
By Cheyenne Hopkins |
January 17, 2013
JPMorgan Chase and a U.S. regulator reportedly will face criticism for lax oversight in a report by Senate investigators on the bank’s $6.2 billion trading loss.
-
By Dawn Kopecki, Hugh Son and Zachary Tracer, Bloomberg |
January 16, 2013
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon had his pay cut in half after a review of losses at the bank’s chief investment office found he bears responsibility for the blunders.
-
By Dawn Kopecki and Jesse Hamilton, Bloomberg |
January 14, 2013
JPMorgan Chase & Co. was ordered by U.S. regulators to strengthen risk and auditing controls after the company lost more than $6.2 billion on botched derivatives trades last year.
-
By Dawn Kopecki |
January 13, 2013
JPMorgan's board may consider releasing an internal report this week that faults CEO Jamie Dimon’s oversight for a loss of more than $6.2 billion on botched trades.
-
By Kit Chellel, Bloomberg |
October 31, 2012
JPMorgan Chase & Co. sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale for market-moving wagers at the division responsible for a $6.2 billion trading loss.
-
By Dawn Kopecki, Bloomberg |
October 12, 2012
JPMorgan Chase & Co., the biggest U.S. bank by assets, posted a record third-quarter profit that beat analysts’ estimates as mortgage revenue soared 72%.
