A video which seems to show a 'strange creature' in the Thames has divided the internet over whether it is a whale, a submarine or the Loch Ness Monster.The YouTube clip, taken from the Emirates Air Line cable car, shows a long dark shape which appears to have two humps emerging from the river. Show More Summary
Some say the Loch Ness Monster has moved to England.
Usually, when TBTFs get caught doing something either illegal or just plain stupid, no actual humans are penalized. What typically happens is there’s a yearslong investigation during which the handful of regulators and politicians whose...Show More Summary
Bruno Iksil "objects to London whale nickname"; Yahoo attempts to fend off activist investor; Zenefits tells employees "Do not use the stairwells to smoke, drink, eat, or have sex"; and more.
A British regulator said the man had failed to report concerns about a portfolio in 2012, when a bad bet cost the bank $6.2 billion.
Britain's Financial Conduct Authority has fined the boss of the so-called "London Whale" trader nearly £800,000 ($1.15 million) for failing to communicate properly with the regulator. Former JP Morgan executive Achilles Macris — whoShow More Summary
LONDON, Feb 5 (Reuters) - A sixth sperm whale has died on a British beach, the latest of nearly 30 to have become stranded in shallow waters on the coastline of Europe's North Sea over the past month. As marine pathologists cut samples...Show More Summary
Looking back on a decade running JPMorgan, the boss has had missteps like the London Whale, big legal fines and clashes with regulators. Yet Dimon has fashioned a bank with leading market share, top-tier returns and a head start in fintech. It’s well placed for the next 10 years.
NEW YORK (Reuters) - JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its "London Whale" trading scandal, which caused a $6.2 billion loss. The settlement was disclosed...Show More Summary
By Jonathan Stempel NEW YORK (Reuters) - A federal appeals court said JPMorgan Chase & Co Chief Executive Jamie Dimon and other bank officials need not face a shareholder lawsuit claiming they did a bad job investigating the 2012 "London Whale" trading scandal that caused $6.2 billion of losses. Show More Summary
It is a cold, mid-November evening. Twenty-two people stand squeezed into lifejackets and brightly-coloured waterproofs; 11 kayaks float silently, waiting for us like a pod of whales upon the glassy surface of Limehouse Basin. The cloudy night sky shows no stars, but the rain, at least, stopped sometime earlier. Show More Summary
LONDON — When it comes to awkward on-screen moments, live television is the gift that keeps on giving. Usually it's the presenter making the gaffe — whether it's an anchor caught on camera brushing their hair, a blue whale embarrassing...Show More Summary
By Nate Raymond NEW YORK (Reuters) - Two former JPMorgan Chase & Co traders living abroad who face U.S. charges over the bank's $6.2 billion "London Whale" scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely. Show More Summary
By Jonathan Stempel NEW YORK (Reuters) - JPMorgan Chase & Co shareholders on Tuesday won court permission to pursue their securities fraud lawsuit against the bank over the "London Whale" trading scandal, which caused a $6.2 billion loss, as a class action. Show More Summary
LONDON — Live TV is a difficult beast. Recently we've seen a BBC presenter losing it after spotting a blue whale and two BBC news anchors being told to "fck off" by a robot — but now it's ITV's turn to have their moment in the wonderfully...Show More Summary
LONDON – There's a lesson here: the next time you're strolling along the beach and you happen to come across a hard-to-identify, unpleasant smelling lump of yellowy-brown matter, don't just ignore it. Because there's a small chance that...Show More Summary
A few weeks back, Bruno Iksil, the man whose name shall live in CDX trading infamy and whose nicknames will forever haunt the desks at JP Morgan’s taxpayer-sponsored, London-based hedge fund (known in polite circles as "CIO"), got a break when the UK’s financial watchdog dropped its investigation saying it didn’t have a strong enough case. Show More Summary
An investigation into a trader whose risky bets cost JPMorgan Chase $6.2 billion has ended, but who, if anyone, will be held accountable remains an open question.
Once upon a time, at JP Morgan’s London-based internal hedge fund CIO unit, a legend was born. Bruno Iksil — better known as “The London Whale” or “Voldemort” or “He Who Must Not Be Named” — carved out his place in the annals of CDXShow More Summary
The U.K. Financial Conduct Authority has abandoned a proposed fine of about $1.5 million (1 million pounds) and an industry ban against the former JPMorgan Chase & Co. trader known as the London... To view the full story, click the title link.