HFA Icon

JPMorgan ‘Whale’ Warnings Ignored

HFA Padded
HFA Staff
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

Bruno Iksil, known as "the London Whale" for trades which resulted in the loss of more than $5 billion at JPMorgan Chase & Co. (NYSE:JPM), was concerned about the size of trades he was making, but his concerns were ignored by the investment bank's management. That information comes from a US Senate panel currently reviewing the trades.

JPMorgan 'Whale' Warnings Ignored

The news was initially reported by Wall Street Journal writers Dan Fitzpatrick, Gregory Zuckerman, and Scott Patterson earlier today. According to that report, Iksil was concerned about the size of the trades he was making, and he expressed those concerns to coworkers....

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.