Whale of a Trade at Biggest U.S. Bank With Best Control

“We are dead I tell you,” Bruno Iksil, a London-based trader at JPMorgan Chase & Co. (JPM), messaged an associate on March 23, 2012. “It is hopeless now.” Iksil, a Frenchman who would soon become known as the London Whale because of the size of his trades, had lost $44 million on corporate-credit…

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Whale of a Trade at Biggest U.S. Bank With Best Control

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