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Did One Of Jamie Dimon's Closest Traders Betray Him And Cost The Firm Billions In Losses?

As we predicted some time ago, it would be only a matter of time before the story of how one failed prop desk trader, in this case Boaz Weinstein who blew up DB Prop only to be resurrected as the successful head of Saba Capital, took down the London whale Bruno Iksil. Sure enough over the weekend, the NYT penned a largely one-sided if entertaining read: "The Hunch, the Pounce and the Kill" which begins as follows 'It was last November, and Mr.
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See more about: Jamie Dimon

JPM Hammered By Massive $9.2 Billion In Legal Expenses, Posts First Loss Under Dimon; Takes $1.6 Billion Reserve Release

Business & Finance : Zero Hedge (11 months ago)

So much for the JPM "fortress balance sheet." Moments ago the bank which 18 months ago stunned the world with the biggest prop trading loss in history, just reported its first quarterly loss under Jamie Dimon, missing expected reven... Read Post

Jamie Dimon’s Testimony: Traders Didn’t Understand the Risk

Business & Finance : Deal Journal - WSJ.com (2 years ago)

J.P. Morgan's Jamie Dimon will tell a Senate Banking panel Wednesday that the traders inside the Chief Investment Office that has cost billions in a trade "did not have the requisite understanding of the risks they took." Read Post

Jamie Dimon: "JPMorgan Will Keep Hedge Fund Highbridge" (JPM)

Business & Finance : Business Insider: Clusterstock (4 years ago)

Jamie Dimon announced today that JPMorgan will be keeping Highbridge Capital, the bank's hedge fund. The bank plans to deal with the new Volcker Rule by moving its best prop traders to the asset management division, says Dimon. Read... Read Post


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