Daily News: October 31, 2012

Bloomberg: JPMorgan Sues London Whale’s Boss


Bloomberg reported that JPMorgan Chase sued the executive responsible for supervising Bruno Iksil, the trader nicknamed the London Whale, for market-moving wagers at the division responsible for a $6.2 billion trading loss.

According to Bloomberg, Javier Martin-Artajo, Iksil’s boss in the chief investment office, is a defendant in a London lawsuit filed October 22 by the bank. The court filings didn