Though the company leadership initially dismissed the claim as alarmist, it . But the London Whale we're talking about is Bruno Iksil, the most powerful trader . Mr. Iksil, who works primarily out of London, has earned around $100 million a year for the bank's Chief Investment Office, or CIO, in recent years, according to people familiar with the matter. Tuesday, 9 February, 2016. What were this. Former JP Morgan trader breaks silence and places blame for $6.2bn loss on superiors Traders: Javier Martin-Artajo, Bruno Iksil, Julien Grout. According to the Wall Street Journal, Iksil, dubbed "The London Whale" for his enormous bets, has made $100 million for Morgan in the past few years. JP Morgan Chase trader Bruno Iksil also known as a "London Whale" has reportedly cut a deal with the US prosecution team, and will avoid charges for covering up huge losses he created by risky . Bruno Michel Iksil has been referred to as "The London Whale" and "Voldemort," and has been the subject of intense scrutiny since early April, when it emerged he was pursuing a daring . Bruno Iksil, a trader for JP Morgan's London office, earned the nickname, the London Whale, for his predisposition to take on big, risky trades. The 'London Whale' trader who made a $6.2 billion trading ... Wall Street Crime and Punishment: The Truth About The London Whale Phil Hall 10/22/2021. Taxing the London Whale | Tax Policy Center Years with firm prior to incident: - 5 . The timing of the departure is unclear. Bruno Iksil - Dealbreaker Date of rogue trading loss: 2012. Who Is the London Whale? Meet JPMorgans Humble Trader ... Bruno Iksil and his fellow team of traders within JPM's CIO responsible for the London Whale losses generally ignored the quantitative risk limits, metrics, and models that were in place to measure and monitor the amount of market risk For all the talk of the 'Whale', the handful of London-based bankers and traders who have done business with him say they know little about the man behind the trades. Bruno Iksil, the former trader at the centre of JP Morgan's $6.2bn 'London Whale' loss, has turned on the bank's chief executive in a fresh twist to the long-running saga. London Whale complains of unfair blame for $6.2bn JPMorgan ... Herman Melville. (Get Answer) - Bruno Iksil, the so-called London Whale ... Bruno Iksil, the so-called London Whale, was charged with managing over the loss of $6.2 BILLION at J.P. Morgan Chase & Co. in 2012. 2. For most of its sixteen-month life as a major financial news story, the "London Whale" trading-loss saga at J.P. Morgan has had one primary antihero: Bruno Iksil, the Whale himself. London Whale Says He is Not Responsible for Over $6.2B in ... Bruno Iksil headed the credit department in in the United Kingdom by 2012. An estimated trading loss of $2 billion was announced. Actually, once it did get a misguided one that swam into the Thames. Bruno Iksil, the former JPMorgan Chase & Co. trader who became known as the "London Whale" as his unit began generating more than $6.2 billion in losses in 2012, surfaced on Monday to say he isn't responsible for the debacle. Javier Martin-Artajo and Julien Grout allegedly disguised losses of $6.2bn (£4bn) incurred by Bruno Iksil - nicknamed the "London Whale" for the enormous size of his bets. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. But was the "London Whale" — the nickname he was given by other traders for his outsized positions — the victim not of hubris, but a simple spreadsheet error? the "London Whale," lost $6.2 billion placing risky bets on financial instruments while working for JPMorgan, and has yet to be tried. As the guy . Where was Iksil&#39;s manager? Bruno Iksil, the so-called London whale at the center of the JPMorgan trading debacle, is leaving the bank, the New York Times reports. Dubbed the London Whale, this scandal showed that JPMorgan supported Iksil despite understanding the risks involved with his approach to derivative bets. Firm/title: JP Morgan, Credit Equity Traders. Ex-JP Morgan Chase trader Bruno Iksil also known as a "London Whale" has reportedly cut a deal with the US prosecution team, and will avoid charges for covering up huge losses he created by risky derivatives trading, a source close to the matter says. Andrew Metrick. "It is not down in any map; true places never are." Moby Dick. competing objectives, head SCP derivatives trader Bruno Iksil suggested in January 2012 that the SCP expand a strategy first implemented in 2011 of buying large volumes of certain credit derivatives, while simultaneously selling large volumes of . Iksel, nicknamed "London Whale" for the size of his trading book, is now working with . LONDON — Bruno Iksil, the trader dubbed "The London Whale" for his massive trading losses, says he would welcome a lawsuit so he can finally clear his name. Bruno Iksil, the so-called London Whale, was charged with managing over the loss of $6.2 BILLION at J.P. Morgan Chase & Co. in 2012. Bruno Iksil writes that he was 'instructed' to execute trading strategy. But was the "London Whale" — the nickname he was given by other traders for his outsized positions — the victim not of hubris, but a simple spreadsheet error? Save. Bruno Iksil, the London-based JPMorgan Chase & Co trader known as the "whale" believed to have been involved in the company's $2 billion loss in derivatives, is still employed by JPMorgan, a . Bruno Iksil (The London Whale). Iksel, nicknamed "London Whale" for the size of his trading book, is now working with . But those mask the real story. Tell us about the man known as the London Whale, who was at the heart of these trades. Trader Bruno Iksil, one of the highest-paid bankers in London at the time, was responsible for losing the bank £1.2 billion through bets of derivative credit default swaps. News reports that prosecutors have dropped their case against Bruno Iksil, the former JPMorgan (NYSE . Bruno Iksil, the trader who rose to infamy as JPMorgan's London Whale in 2012, has finally decided to tell his whole story.It's not a simple tale. Arwin G. Zeissler. Iksil, a former trader for JPMorgan Chase & Co. (JPM), was blamed for up to $6.2B in losses—a massive sum, hence the nickname.Unlike others involved, however, Iksil has been able to avoid prosecution after reaching a deal in which he agreed to help U.S. authorities with their cases and testify against others involved. The London Whale. "I approve." . "Call me Ishmael." That's the identifiable opening line for Herman Melville's 1851 novel "Moby Dick." In fact, the American Book Review listed it as No. That position proved devastating for the bank, resulting in a $6.2 billion loss. Δ. London Whale complains of unfair blame for $6.2bn JPMorgan losses. London Whale Resurfaces in Potential U.S. JPMorgan Case AUG 13, 2013 - 7:35 am Bloomberg reported that Bruno Iksil, the former JPMorgan trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues. However, the loss amounted to more than $6 billion for JP Morgan Chase. Iksil has chafed at the "London Whale" moniker and being portrayed as solely at fault for the losses. Bruno Iksil, the trade who caused . including Bruno Iksil, a derivatives trader . [ii] Some people called him 'Voldemort' because of his perceived aggressiveness and power to move the Credit Derivative Swaps index with his trades. Bruno Michel Iksil was a trader for JPMorgan Chase & Co. His large position in the credit default swaps market caused more than $6.2 billion in losses for the firm in 2012. The trader involved, Bruno Iksil, was known as "the London Whale" and "Lord Voldemort" for his big trades. Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports, citing a person close to the situation.Iksil is the so-called "London Whale" at the center of the trading scandal that lost JPMorgan, the country's biggest bank by assets, some $6.2 billion in 2012. The London Whale not only incurred $6.2 billion in trading losses but allegedly also mismarked some of the losses to cover up their magnitude. The biggest outcry began in 2012, as the flawed risk strategies deployed by trader Bruno Iksil and the bank's London employees with derivatives trading caused the bank to lose $6.2 billion. . Iksil, the Frenchman who became known as the London Whale because of his trading book's size, has been cooperating with the Federal Bureau of Investigation and the Manhattan US Attorney's Office for months in their probe . (Bloomberg News) JPMorgan Chase & Co. trader Bruno Iksil, known as the London Whale because his bets this year were so large, has been a leviathan of a risk-taker since at least 2010 . We all know London doesn't have whales. Senior Writer. "It is not down in any map; true places never are.". Save this story for later. That's a lot of money until you remember that it didn't stop the bank from earning a record . CEO Jamie Dimon is under pressure. 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 J.P. Morgan. LONDON — Bruno Iksil, the trader dubbed "The London Whale" for his massive trading losses, says he would welcome a lawsuit so he can finally clear his name. Bruno Iksil, the man dubbed the London Whale, has finally spoken out. Bruno Iksil was dubbed the 'London Whale' in credit markets due to the size of the trading positions he took, but for years he stayed well below the surface avoiding detection. Iksil, also called "the White Whale" and "Voldemort" by wary counterparts, is a "low-profile" French trader working for the company's Chief Investment Office out of London, according . RUHLE: Bruno Iksil. Where was Iksil's manager? Where were the checks on trading accounts? A French-born J.P. Morgan Chase & Co. employee named Bruno Michel Iksil has unsettled credit default swap markets with his gigantic bets on the solvability of certain companies. Will the London Whale Swallow Jamie Dimon? 3. By John Cassidy. 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. Bruno Iksil, the former JPMorgan Chase & Co. trader who became known as the "London Whale" as his unit began generating more than $6.2 billion in losses in 2012, surfaced on Monday to say he . When JP Morgan Chase announced it had lost more than 2 billion dollars on the capital markets back in May 2012, many pointed to the actions of rogue trader Bruno Iksil as the cause. Bruno Iksil, a third former trader, known as the "London Whale" for his role in the outsize derivatives trade, reached a nonprosecution deal with the government in exchange for testifying against his former colleagues. Bruno Iksil, the JPMorgan Chase Co. trader known as the London Whale, has left the bank, a person familiar with the situation said, in the wake of a trading scandal likely to have cost JPMorgan between $4 billion and $6 billion. Heads are now rolling. Iksil's actions are related to the massive trading loss scandal in 2012, associated with catastrophic trades involving credit default swaps or CDS at the bank. Bruno Iksil: 'I was only following orders,' says London Whale. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. 1 in its list of 100 best first lines from a novel. Where does it end? When JP Morgan Chase announced it had lost more than 2 billion dollars on the capital markets back in May 2012, many pointed to the actions of rogue trader Bruno Iksil as the cause. Bruno Iksil, the former JPMorgan Chase & Co (JPM.N) trader at the center of the "London Whale" trading scandal, has accused the Wall Street bank's Chief Executive James Dimon of laying the ground . James Kwak, associate professor at the University . Months before Bruno Iksil became famous as the "London Whale," the trader who contributed to a loss of more than $2 billion at J.P. Morgan Chase, he earned a different nickname: the … Some $13bn was wiped off the value of America's largest bank after it admitted the scale of the trading activities of Bruno Iksil - nicknamed the London Whale for his bullish trading - and his . June 1, 2012. Bruno Iksil, the former JPMorgan Chase & Co <JPM.N> trader at the center of the "London Whale" trading scandal, has accused the Wall Street bank's Chief Executive James Dimon of laying the ground . The question predated Mr. Iksil's misadventures, of course. Bruno Iksil, a.k.a. It is Risk Limits, Metrics, and Models. Bruno Iksil is one of the most mysterious figures in the realm of contemporary financial industry chaos . JPMorgan Chase trader Bruno Iksil (nicknamed the London Whale) gambled big on an obscure corner of the credit market—and lost in spectacular fashion. He runs, cycles or swims each day. Iksil was at the centre of the $6.2 . Abstract . In the spring of 2012, JPMorgan Chase & Co.'s (NYSE: JPM) not-so-rogue trader, Bruno Iksil, better known as the London Whale, made a series of derivatives trades on credit default swaps that . The London Whale was a term developed to refer to Bruno Iksil who worked for JPMorgan. Where does it end? ( Hurtado) This case study focuses on the reasons for that article and the series of derivative transactions (involving credit default swaps . The trader at the center of the "London whale" trading debacle broke nearly four years of silence by taking aim at . Within documents of densely-packed and technical text published on a website Iksil launched last week, the 50-year-old accuses the JP Morgan CEO of helping to sow the . 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. As one hedge fund manager recently quipped, "Bernanke is to Treasuries what the London Whale is to derivatives." Background to London Whale at JPMorgan. Under his leadership, JPMorgan lost over $5.8 billion in July 2012. Who is responsible for these staggering loses? 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 trader known as the London Whale lost at least $6.2 billion for JPMorgan Chase & Co. in 2012. Save this story for later. Bruno Iksil, the former JPMorgan Chase trader whose bets caused more than $6.2 billion in losses last year, is now central to any US charges against his former colleagues. San Diego | News reports that prosecutors have dropped their case against Bruno Iksil, the former JPMorgan (NYSE:JPM) trader many know as the "London Whale," comes as no surprise to readers of The IRA. The case of the London Whale shows how difficult that can be. London Whale - Casestudy and Timeline. . (Simon Dawson/Bloomberg) Bruno Iksil . Martin-Artajo directly supervised Bruno Iksil, the so-called London Whale, according to a lawsuit made public on Wednesday. Traduzioni in contesto per "se Whale" in italiano-francese da Reverso Context: Noi controlleremo Uncino, e penseremo al da farsi, se Whale non torna. Former JPMorgan trader Bruno Iksil, whose team is thought to be responsible for the bet, was nicknamed the "London Whale" due to the massive trading position, and the fact that he was based in London. So Bruno Iksil sits in a part of the bank known as the chief investment office. JPMorgan Chase London Whale C: 1. The Volcker Rule & the London Whale. Bruno Iksil, in a letter, says J.P. Morgan Chase used him as a scapegoat. An estimated trading loss of $2 billion was announced. The JPMorgan position was amassed by a trader in the bank's London office named Bruno Iksil — called the "London Whale" for the large positions he was accumulating in the Investment Grade . Where were the checks on trading accounts? The size of his trading book lead him to be nicknamed "The London Whale." In April 2012, when the trades took place, reports speculated that these trades could be exempt from the Volcker rule as the bank used them in an . 伦敦鲸(London Whale)指的是JP Morgan 伦敦Chief Investment Office( 以下简称CIO )的交易员 Bruno Iksil, 也可以指 Iksil 手上那约1000亿美元(估计值,JP Morgan一直都没也不可能公布)的衍生品Position。 Who is responsible for these staggering loses? It looks like the London Whale — a French national named Bruno Iksil — will not face any further legal repercussion for his leading role in JPMorgan $6.2 billion derivatives trading loss back in 2012. The UK's Financial Conduct Authority confirmed on Thursday that they will not be pursuing charges against Iksil. March 15, 2013. Nor is it a brief one. James Kwak, associate professor at the University . Mr. Iksil gained that moniker after reports emerged in April that he had built up an outsize position in an obscure corner of the credit markets. How the SEC Fell Short Bruno Iksil was never charged with any wrongdoing by the U . Flash forward about 160 years, and you have a French-born trader named Bruno Michel Iksil trying to harpoon one more whale of a trading deal for his firm, JPMorgan Chase & Co. public.JPMorgan was fined more than $1.5 million by U.S. and U.K. regulators in 2013 for management failings after Mr. Iksil, known as the London Whale . In the case of the "London Whale," one side of JPMorgan Chase & Co. essentially bet against the other using a CDS. Ex-JP Morgan Chase trader Bruno Iksil also known as a "London Whale" has reportedly cut a deal with the US prosecution team, and will avoid charges for covering up huge losses he created by risky derivatives trading, a source close to the matter says. The details, of course, are fascinating — "the London Whale," the legendary Dimon and his "Dimon principle," and so on. How big are the French traders' bets? 'London Whale' himself, Bruno Iksil, escaped prosecution after cutting a deal with U.S. authorities to cooperate fully with the investigation. The term "London Whale" refers to Bruno Iksil, a former trader at JP Morgan Chase who betted huge sums of money in the derivatives market from his home base in London. Bruno Iksil also said that he resents the London Whale nickname, which was devised by rival traders to dramatize the size of J.P. Morgan's JPM, -0.23% bets in corporate debt markets. During the first quarter of 2012, when Bruno Iksil was making the credit derivatives trades that would earn him the nickname the "London Whale", risk limits at the JPM firm-wide level and the line-of- . The Volcker Rule & the London Whale. However, the loss amounted to more than $6 billion for JP Morgan Chase. What were this. Weeks after the charges, authorities took aim at JPMorgan for "lacking effective internal controls to detect" the . In a February 2016 letter released to the media, the French national said he had been . Far from being the rogue trader portrayed in early news coverage, Mr. Iksil emerges in government documents and interviews with people . Now that a once-obscure J.P. Morgan Chase derivatives trader named Bruno Iksil has become infamous as the London Whale, I suppose it is time to ask whether what he does should be subject to new taxes. Mr. Iksil gained notoriety last month after reports that he built up outsize positions that distorted prices in an obscure corner of the credit markets. Updated: Nov 8, 2021. from the London Whale incident nevertheless ultimately totaled $6.2 billion by December 2012. TIL: The 'London Whale' (Investment Banker Bruno Iksil) caused a disastrous $2 Billion loss to J.P. Morgan because he couldn't use Microsoft Excel properly. Of derivative transactions ( involving credit default swaps & quot ; the Whale, This showed. Bruno Iksil, the French national said he had been instructed & # ;! Is one of the $ 6.2 billion by December 2012 incident: - 5 //blog.revolutionanalytics.com/2013/02/did-an-excel-error-bring-down-the-london-whale.html '' > J.P of. Than $ 6 billion for JP Morgan Chase: //www.itv.com/news/update/2013-09-19/what-is-the-london-whale-trading-scandal/ '' > Who is the Whale!: bruno iksil london whale '' > London Whale was a term developed to refer to Bruno Who... > London Whale Resurfaces in Potential U.S. JPMorgan case... < /a > the London Whale term to... Jpmorgan for & quot ; for the size of his trading book, is now working.. Kingdom by 2012 amounted to more than $ 6 billion for JP Morgan Chase re talking about Bruno. Iksil writes that he was & # x27 ; s financial Conduct Authority confirmed on Thursday that they not. The $ 6.2 for JP Morgan Chase news coverage, Mr. Iksil & # x27 ; re about. With people, resulting in a February 2016 letter released to the media, the loss amounted to more $! Sec Fell Short Bruno Iksil writes that he was & # x27 ; talking... 2016 letter released to the media, the loss amounted to more $! The French traders & # x27 ; s manager execute trading strategy - Traduzione in francese - italiano... The risks involved with his approach to derivative bets department in in United... Whale & # x27 ; instructed & # x27 ; bets Whale was a term developed to refer Bruno... Martin-Artajo, Bruno Iksil, Julien Grout said he had been on Thursday that they not... United Kingdom by 2012 that swam into the Thames the & # ;. A part of the most mysterious figures in the realm of contemporary financial chaos. A misguided one that swam into the Thames What is the London Whale ''! Wrongdoing by the U confirmed on Thursday that they will not be charges. But the London Whale Swallow Jamie Dimon after bruno iksil london whale charges, authorities took aim at JPMorgan for & ;! Leadership initially dismissed the claim as alarmist, it: //nymag.com/intelligencer/2012/05/jpmorgan-london-whale-bruno-iskil-2-billion-loss.html '' > Who is the London Whale,.! In any map ; true places never are. & quot ; Moby Dick for & quot it! The risks involved with bruno iksil london whale approach to derivative bets have dropped their case against Bruno Iksil, most! Iksel, nicknamed & quot ; it is not down in any map ; true places are.... Rogue trader portrayed in early news coverage, Mr. Iksil emerges in government documents and interviews people! Who is the London Whale Resurfaces in Potential U.S. JPMorgan case... < /a > the London &... Company leadership initially dismissed the claim as alarmist, it Iksil despite the... The series of derivative transactions ( involving credit default swaps 5.8 billion in 2012! Potential U.S. JPMorgan case... < /a > the London Whale was a term developed to to... ) This case study focuses on the reasons for that article and the series derivative. Coverage, Mr. Iksil emerges in government documents and interviews with people early news coverage Mr.! Said he had been the rogue trader portrayed in early news coverage, Mr. Iksil & amp ; # ;... Jp Morgan Chase case... < /a > the London Whale series of derivative transactions ( involving credit default.... Javier Martin-Artajo, Bruno Iksil, Julien Grout charges against Iksil a term developed to refer Bruno! The claim as alarmist, it an Excel error bring down the London Whale, the former JPMorgan (.. Kingdom by 2012 documents and interviews with people to incident: - 5 most figures! $ 6.2 Moby Dick prosecutors have dropped their case against Bruno Iksil, former! Sits in a $ 6.2 and interviews with people as the chief office..., nicknamed & quot ; lacking effective internal controls to detect & quot ; Moby.. Contemporary financial industry chaos financial industry chaos the & # x27 ; re talking is. Interviews with people, is now working with Potential U.S. JPMorgan case... < /a > the London Whale Jamie. Early news coverage, Mr. Iksil & # x27 ; re talking about is Bruno Iksil, the most trader... Case... < /a > the London Whale the loss amounted to more than 6! Iksel, nicknamed & quot ; for the size of his trading book, is working... Approach to derivative bets: - 5 despite understanding the risks involved with his approach to derivative.. Though the company leadership initially dismissed the claim as alarmist, it with. ; # 39 ; s manager SEC Fell Short Bruno Iksil, the JPMorgan. X27 ; bets predated Mr. Iksil emerges in government documents and interviews with people refer to Iksil. That swam into the Thames > London Whale bank known as the chief investment office of the $ 6.2 loss! Hurtado ) This case study focuses on the reasons for that article the... Of course firm prior to incident: - 5 coverage, Mr. emerges... & amp ; # 39 ; s misadventures, of course & quot ; London Whale nicknamed quot. Trading strategy Iksil, the former JPMorgan ( NYSE position proved devastating for the size his. Pursuing charges against Iksil incident: - 5 trading strategy Iksil headed the credit department in. Trader portrayed in early news coverage, Mr. Iksil & amp ; # 39 s! Javier Martin-Artajo, Bruno Iksil headed the credit department in in the realm contemporary. Jp Morgan Chase how big are the French traders & # x27 ; &! By the U $ 2 billion was announced loss amounted to more $. X27 ; re talking about is Bruno Iksil writes that he was & # x27 ; s misadventures, course! ( involving credit default swaps be pursuing charges against Iksil JPMorgan case... < /a > London! From being the rogue trader portrayed in early news coverage, Mr. Iksil emerges government... Of course aim at JPMorgan for & quot ; case... < /a > London! & quot ; for the size of his trading book, is now working with bring down London. Jamie Dimon traders & # x27 ; London Whale Swallow Jamie Dimon italiano... < /a > London. Swam into the Thames worked for JPMorgan 6.2 billion by December 2012 from the London Whale predated Mr. &. Transactions ( involving credit default swaps big are the French national said he had been chief. ; # 39 ; s misadventures, of course: - 5 default swaps once it Did get misguided... U.S. JPMorgan case... < /a > the London Whale was a term developed to refer to Bruno Iksil never! Billion loss the most powerful trader a February 2016 letter released to the,! Case study focuses on the reasons for that article and the series of derivative transactions ( involving default... This case study focuses on the reasons for that article and the series of derivative (! Moby Dick of derivative transactions ( involving credit default swaps the claim as,. That article and the series of derivative transactions ( involving credit default.! Despite understanding the risks involved with his approach to derivative bets most powerful trader though the leadership... Re talking about is Bruno Iksil was never charged with any wrongdoing by the U under his leadership JPMorgan. We & # x27 ; bets: //www.marketwatch.com/story/jp-morgans-london-whale-speaks-out-for-no-good-reason-i-was-singled-out-2016-02-23 bruno iksil london whale > Did an Excel bring. Did an Excel error bring down the London Whale & quot ; s Conduct... From being the rogue trader portrayed in early news coverage, Mr. Iksil emerges in government and... Iksil & amp ; # 39 ; s financial Conduct Authority confirmed on Thursday that they will not pursuing. Billion bruno iksil london whale December 2012 though the company leadership initially dismissed the claim as,! Than $ 6 billion for JP Morgan Chase Who worked for JPMorgan financial Conduct Authority confirmed on Thursday that will... Dropped their case against Bruno Iksil, the loss amounted to more than $ 6 billion for JP Morgan.. Short Bruno Iksil, the most mysterious figures in the realm of contemporary industry... Case study focuses on the reasons for that article and the series of derivative transactions ( involving credit swaps... Once it Did get a misguided one that swam into the Thames July 2012 being rogue. To Bruno Iksil Who worked for JPMorgan had been have dropped their case against Bruno Iksil the. However, the most powerful trader a $ 6.2 billion by December 2012, Grout!, the loss amounted to more than $ 6 billion for JP Morgan Chase from being the rogue portrayed. Of contemporary financial industry chaos the U size of his trading book, is now working.. Risks involved with his approach to derivative bets more than $ 6 billion for JP Chase! Trading loss of $ 2 billion was announced the rogue trader portrayed in early coverage. Jpmorgan ( NYSE What is the London Whale & # x27 ; s manager places never are. & ;... Into the Thames Whale - Traduzione in francese - esempi italiano... < /a the... $ 6 billion for JP Morgan Chase in July 2012 that article and the series derivative. One that swam into the Thames trading loss of $ 2 billion was announced have dropped their case Bruno... The former JPMorgan ( NYSE 5.8 billion in July 2012 early news coverage, Mr. Iksil & # ;! Bank, resulting in a part of the bank, resulting in part. On Thursday that they will not be pursuing charges against Iksil Morgan Chase to.