Page 58 - Bank Case Studies
P. 58
APPENDICES
Appendix 1
Source: Telegraph (6)
The trader at the centre of JP Morgan’s notorious London Whale trades has broken his silence about the 2012
investments that cost him his job and led to $920m in fines for the Wall Street bank. Bruno Iksil wrote a letter
to reporters saying he was singled out by the media “for no good reason” for the large trades made in the
bank’s chief investment office (CIO) in London that eventually lost JP Morgan $6.2bn and led to penalties from
four different regulators.
