Posted inBusiness

U.S. Charges Two Ex-JPMorgan Bankers Over ‘London Whale’ Loss

(Reuters) – U.S. prosecutors brought criminal charges on Wednesday against two former JPMorgan Chase & Co employees in the trading scandal that cost the bank $6.2 billion last year, but the trader nicknamed “the London Whale” because of the size of losses was not one of them. Trader Bruno Iksil, who is cooperating with federal prosecutors, pushed […]