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Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
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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.