Daily News: January 14, 2013

JPMorgan to Weigh Disclosing Whale Report Faulting Dimon


Bloomberg is reporting, according to two people with direct knowledge of the matter, that JPMorgan Chase’s board will consider releasing an internal report this week that faults chief executive officer Jamie Dimon’s oversight of a division that lost more than $6.2 billion on botched trades.

Bloomberg said the final report is critical of senior managers including Dimon, former chief financial officer Doug Braunstein and ex-chief investment officer Ina Drew for inadequately supervising traders in a UK unit that amassed an illiquid position in credit derivatives last year.

To read the Bloomberg article in its entirety, click here.