Bloomberg: JPMorgan Said to Expect Multiple Whale Loss Fines

Bloomberg reported that JPMorgan Chase expects to be fined by authorities in the U.S. and U.K. over last year’s $6.2 billion trading loss, which led to criminal charges against two former employees, citing a person familiar with the matter.

London Whale Resurfaces in Potential U.S. JPMorgan Case

Bloomberg reported that Bruno Iksil, the former JPMorgan trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues.

JPMorgan Said to be Near Settlement on ‘London Whale’ Loss

Bloomberg reported that JPMorgan Chase is negotiating final terms of a deal with regulators to end a yearlong probe of derivative bets that led to the bank’s biggest trading loss ever.

Feldstein Who Speared Whale Ready to Unwind Derivatives

Bloomberg reported that after saving JPMorgan from the ravages of the London Whale, Andrew Feldstein, who leads BlueMountain Capital, is offering to help other banks unwind their bad derivatives bets.

FinalCut: JPMorgan Loses $2B on Risk Unit’s ‘Grievous Mistakes’

In a conference call with investors, JPMorgan Chase CEO Jamie Dimon said the firm suffered a $2 billion trading loss after an “egregious” failure in a unit managing risks. ABF Journal illustrator Jerry Gonzalez offers his take on this “whale of a tale.”