London Whale Archives - Carrier Management

Suit Against JPMorgan, CEO Over Whale Losses Can Proceed; Directors Case Dismissed

JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the ...

Ex-JPM ‘Whale’ Deputy Argues He Was Just Following Orders

A lawyer for a former JPMorgan Chase & Co employee who worked with "the London Whale" Bruno Iksil, has been trying to convince U.S. prosecutors that his client was the unwitting victim of ...

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

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 ...