Washington -- ina drew, the former jpmorgan chase & co executive who oversaw the trading unit responsible for the $62-billion london whale trading losses, is scheduled to testify friday at a senate hearing on the risky derivatives bets. The 'london whale' himself, bruno iksil, escaped prosecution after cutting a deal with us authorities to cooperate fully with the investigation the press had a field day and the financial market community is watching with fascination/ horror as the various penalties are being doled out to jp morgan. On the one hand, he believes the london whale nickname unfairly turned him into the scapegoat for a much broader problem he rails against the spotlight that was turned on him and refused to be photographed for this article.
A seven-tonne whale has made its way up the thames to central london, where it is being watched by riverside crowds the 16-18ft (5m) northern bottle-nosed whale, which is usually found in deep sea waters, has been seen as far upstream as chelsea a rescue boat has been sent to protect the whale and. The $2 billion trading loss at jpmorgan chase has claimed another victim bruno iksil, the so-called london whale at the center of the trading debacle, is expected to leave the bank, according to current and former colleagues. The river thames whale was a juvenile female northern bottlenose whale which was discovered swimming in the river thames in central london on friday 20 january 2006 according to the bbc , she was five metres (16 ft) long and weighed about seven tonnes (24,400 lb. The london whale was a uk-based trader called bruno iksil who worked for jpmorgan he was known as the london whale among hedge funds and other traders, due to his big, and as it turned out, ill-advised position in a credit derivatives index.
The things bankers say, the london whale edition he is also accused of withholding from regulators details about the investment bank's daily losses — and then raising his voice in anger at a deputy who later turned over the information. Read: the london whale resurfaces: bruno iksil speaks out however, according to a transcript of court proceedings seen by financial news, little said iksil's account of the london whale saga undermined the sec's case. London (reuters) - a beluga whale spotted in london's river thames surfaced again on wednesday near the british capital, hundreds of miles from its normal arctic habitat the white cetacean. Bruno iksil, the former jpmorgan chase trader at the heart of the london whale scandal, has broken his four-year silence to allege that he has been unfairly blamed by the bank and singled.
A detailed report put out by jpmorgan chase last week on how it lost $6 billion from ill-fated trading in 2012 should be required reading for policy makers and financial executives. Latest london whale articles on risk management, derivatives and complex finance. Gregory zuckerman in the wall street journal may 17 article, from 'caveman' to 'whale,' writes that iksil, a london-based trader in the chief investment office of jpmorgan chase & co, had bet $1 billion that companies like eastman kodak, dynegy and american airlines would default on their debts. The london whale is a trader by the name of bruno iksil, who earned his nickname by betting huge sums of money in the derivatives markets from his home base in london as one hedge fund manager recently quipped, bernanke is to treasuries what the london whale is to derivatives . The whale is the creation of the belgian art collective captain boomer photograph: anadolu/getty images call me ishmael or, better still, spanish whale madrid awoke on friday morning to find.
The wall street journal reported friday that three other employees of the bank tied to the trade, including one who was known as the 'london whale,' had left the bank. The trader at the center of the 'london whale' trading debacle broke nearly four years of silence by taking aim at former employer jp morgan chase & co, saying he was made a scapegoat for. Trader bruno iksil, nicknamed the london whale, accumulated outsized cds positions in the market an estimated trading loss of us$2 billion was announced, with the actual loss expected to be substantially larger. Bruno iksil, the former jpmorgan chase & co trader who became known as the london whale as his unit began generating more than $62 billion in losses in 2012, surfaced on monday to say he.
But the losses escalated from $2 billion in may, to $44 billion in june, and by the end of 2012, the london whale trades had cost jpmorgan at least $62 billion. The j p morgan chase london whale case study a synthetic credit portfolio trader, bruno iksil, was given the title of the london whale in the april 6, 2012 issue of the wall street journal and bloomberg. London whale scandal to cost jp morgan $920m in penalties read more iksil has chafed at the london whale moniker and being portrayed as solely at fault for the losses. The trader known as the london whale lost at least $62 billion for jpmorgan chase & co in 2012 that's a lot of money until you remember that it didn't stop the bank from earning a record.
One trader, who was referred to in the articles as the london whale cio was asked to and did provide information and analyses about the synthetic credit portfolio to jpmorgan chief. London — a beluga whale was spotted in the river thames outside the british capital on tuesday, officials said it was reported to be feeding near a number of barges beluga whales are.
A version of this article appears in print on , on page b5 of the new york edition with the headline: fine for former executive in 'london whale' case order reprints | today's paper | subscribe. On friday, the times reported that a criminal probe of the whale affair by the justice department and the fbi has reached an advanced stage while the. The federal reserve is considering legal action against bruno iksil, the trader at the center of the london whale trading debacle, according to a person familiar with the matter.