During the press conference, Bharara heavily criticized the bank's culture and even mocked Dimon a bit: In criminal complaints
Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports, citing a person close to the situation. Iksil is the so-called "London Whale" at the center of the trading scandal that lost JPMorgan, the country's biggest bank by assets, some $6.2 billion in 2012.
Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports
"The guys have a huge skew trade on and they will defend it as much as we do," Iksil wrote in a Jan. 30, 2012, email to a
Lehman emerged from Chapter 11 in March 2012. It has said it hopes to repay creditors about $65 billion, a process that is
Further details were not available. JPMorgan declined to comment. Martin-Artajo's lawyer, Greg Campbell of Mishcon de Reya
JPMorgan's whale fail and other big bank disasters: Martin-Artajo was until recently the credit-trading chief for JPMorgan's
Achilles Macris, who headed CIO in Europe, and a third colleague, Martin Javier-Artajo, were also no longer listed in the
It may be that what we are actually watching is a not very subtle food fight between our two political parties for campaign cash. Simply stated, this is not about Dimon's management skills, rather it is about his wallet.
The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate
He did, however, admit that the loss played "right into the hands of a bunch of pundits out there." When a team of reporters