Chase

The London Whale Walks Free

Former JPMorgan Chase trader Bruno Iksil was known as “The London Whale” for his huge trades. But those trades often failed to pay off–last year, he tallied more than $6.2 billion in losses. According to Reuters, on Wednesday federal prosecutors in Manhattan criminally charged two former JPMorgan Chase employees with wire fraud and a conspiracy […]

JP Morgan Chase Announces $2 Billion Loss