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Stories of Interest
- White House Now Doesn’t Dispute Details of Trump's Call with Army Widow
- Goldman Sachs’ Lloyd Blankfein Just Threw Some Serious Brexit Shade
- Guggenheim Partners ‘Bank Wrecker’ Could Get $100Mn Exit Package
- Proposed Arbitration Rule Change: For Customers Dealing with an Inactive Firm or Associated Person
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
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NEWSLETTERS & ALERTS
Federal Reserve Drops ‘London Whale’ Probe
[Photo: 'Whale in a Teapot', 2012, by Ingram Pinn / Ft.com/lexicon]
The Federal Reserve has opted not to bring legal action against JPMorgan’s London Whale, Bruno Iksil. And so ends the 2012 saga that left JPMorgan with a $6.2 billion loss and Chairman/CEO Jamie with egg on his face.
So, what is to become of Mr. Iksil, the former trader in JPMorgan’s London-based Chief Investment Office, who has been ‘hiding out’ in France - at home with his family in France, about 50 miles south of Paris? [See Financialish, 3/15/17] Those past 5 years afforded him protection from prosecution that he no longer needs.
It’s likely that Mr. Iksil will seek to ‘defend his honor’ and tell what happened 5 years ago – from his perspective – perhaps in a book or in a series of interviews.
“I have to retrieve my reputation, my intellectual property and, simply, my life …”
Beyond that, not much is known about The London Whale’s intentions.