U.S. charges two men in ‘London Whale’ scandal


Reuters: Two former JPMorgan Chase & Co employees are facing criminal charges related to the trading scandal that cost the bank $6.2 billion last year.

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Reuters: Two former JPMorgan Chase & Co employees are facing criminal charges related to the trading scandal that cost the bank $6.2 billion last year.

The trader who earned the nickname “the London Whale” and was at first most closely tied to the scandal is not one of them.

In fact, Bruno Iksil, who is cooperating with federal prosecutors, pushed back against the efforts of his former colleagues Javier Martin-Artajo and Julien Grout to hide the mounting losses, according to court filings.

 

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