london whale

A strategic alliance was born in currency trading fraud - federal investigators

Federal regulators had a suspicion that currency traders have bonded together to increase costs of foreign currencies in order to gain on their investments.

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Banks foresee currency manipulation probe as top executives go on leave

Major banking institutions including JPMorgan Chase might have predicted the direction of the probe conducted by the Financial Conduct Authority in Britain.

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New amendments to pending Volcker rules may postpone implementation

New inclusions to avoid the London Whale scandal is sought to be included in the new Volcker Rules, which may result in failure to meet the mandated year end deadline.

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JPMorgan to settle “whale” probes with USD900 million payment

JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.

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Source: Ex-JPM 'Whale' deputy says he was just following orders

A lawyer for a JP Morgan Chase & Co. ex-employee argued with US prosecutors that his client was just following orders from his superiors in indicating prices for the "London Whale" deal.

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Martin-Artajo awaits extradition process in JPMorgan “Whale” case

Although Javier Martin-Artajo had bought himself time by getting arrested in Madrid, lawyers involved in getting the JP Morgan ex-employee back believed that his extradition, though delayed, was inevitable.

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