Wednesday, June 20, 2012

How the London “Whale” Got Away With Murder at JPMorgan

It was simple according to the WSJ. J.P. Morgan Chase trader Bruno Michel Iksil at times resisted sharing some details of his positions with superiors, while trading executive Achilles Macris had a history of clashing with co-workers, according to current and former colleagues.

Mr. Iksil, a Frenchman known as "the London whale" for his outsize positions, and the Greek-born Mr. Macris are at the center of at least $2 billion of losses at the nation's biggest bank by assets. Each remains at the bank but is expected to leave, according to people at the bank.

Interviews with colleagues and former co-workers at the unit that ....

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