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Review: Monument Valley is a profound perplexity

A mystical, bewildering adventure into the beautiful unknown. Those who have tapped their way through the psychedelic 2011 mobile game Whale Trail might have already tarnished its developer, London design agency Ustwo, with all the odious associations of professional hipsters. Click here to read the full article

Why JPMorgan Is Heading To $65

By Wall Street Playbook: Warren Buffett once said, "It takes 20 years to build a reputation and 5 seconds to ruin it." Today, one can't discuss the prospects of JPMorgan (JPM) without mentioning the embarrassing London Whale trade, which costs the bank $6 billion dollars. Show More Summary

Ex-JPMorgan trader in 'Whale' scandal open to facing U.S. charges

``He and another one-time trader at the bank, Javier Martin-Artajo, are considered fugitives by the U.S. government for not coming to the United States to face trial over charges stemming from the so-called London Whale scandal. But at a hearing in federal court in New York, Marc Weinstein, a lawyer for Grout, told U.S. Show More Summary

JPMorgan fails to end lawsuit over London Whale losses

NEW YORK (Reuters) - JPMorgan Chase & Co must face a lawsuit in which shareholders accused it of concealing risks that surfaced when it lost at least $6.2 billion in 2012 over trades made by Bruno Iksil, the so-called London Whale.

London Authorities Brand Giant Whale "Too Religious"

A London park authority has stopped plans to put a giant inflatable whale bedside the Thames because it would be "too religious". The Bible Society had hoped to place the mock 50ft sperm whale in a park opposite Tower Bridge to illustrate the story of Jonah. Show More Summary

The Top 5 Stock Market Myths

When fiascos like the Libor scandal, London Whale scandal, and analysts’ conflict of interest occur, investor confidence can be at an all-time low. Many investors wonder whether or not investing in stocks is worth all the hassle. At the same time, however, it’s important to keep a realistic view of the stock market. Regardless of [...]

Bill Black: Jamie Dimon’s $10 Million Raise is a “Common Sense” Fraud Reward

Yves here. This has been such a busy week that I've been remiss about commenting on how Dimon's board rewarded him despite the London Whale fiasco and the revelation of pervasive regulatory abuses. Clearly, they thought he bought the...Show More Summary

Former JPMorgan exec sued over $2 million Cantor Fitzgerald loan

NEW YORK (Reuters) - Irvin Goldman, who briefly oversaw risk at JPMorgan Chase & Co during the "London Whale" derivatives debacle, is being sued for non-payment of a $2 million loan he received while working for Cantor Fitzgerald & ...

CHRIS CHRISTIE: 'Bridgegate' Is Just Like Jamie Dimon Not Knowing About 'The London Whale'

Gov. Chris Christie compared himself to JPMorgan Chase CEO Jamie Dimon this weekend in a conversation with Yahoo! News' Matt Bai in the wake of the "Bridgegate" scandal. Earlier this month, emails were published that showed that a Christie aide knew about a controversial plan to close two traffic lanes on the George Washington Bridge in September. Show More Summary

With JPMorgan under fire, Dimon says he hasn't considered resigning

NEW YORK -- JPMorgan Chase & Co. has been under fire ever since it disclosed billions in trading losses in the "London Whale" fiasco two years ago.

Today's Bank Bailout Risk: Why Didn't We Stop This?

JPMorgan's "London Whale" episode exploded the myth that managers of too-big-to-fail banks have risk under control. The London-based Chief Investment Office that unexpectedly lost $6 billion in 2012 due to oversized derivatives trades...Show More Summary

CFTC Cancels Volcker Rule Meeting Due To "Inclement Weather"

At least the dog didn't eat the London Whale's trade blotter, or Bart Chilton's hair wasn't caught in a snowblower. Perhaps, Mr. Chilton will blame the meeting cancelation on the day the regulators are expected to vote on banning ofShow More Summary

Goldman Reveals "Top Trade" Reco #5 For 2014: Sell Protection On 7-Year CDX IG21 Junior Mezzanine Tranche

If the London Whale trade was selling CDS in tranches and in whole on IG9 and then more, and then more in an attempt to corner the entire market and then crashing and burning spectacularly due to virtually unlimited downside, Goldman's...Show More Summary

Artist's Impression Of What A" Fed Exit" Would Look Like

One of the following is a festering over-stuffed rotten-at-the-core pool of entrails due to pop any second; and the other is a huge dead aquatic animal. While the explosion following the London Whale's exposure was impressive, we suspect...Show More Summary

Ex-JPMorgan “Whale” trader to resist U.S. extradition

MADRID (Reuters) - Ex-JPMorgan employee Javier Martin-Artajo, indicted by a U.S. grand jury in relation to the bank's "London Whale" trading scandal, on Friday told Spain's High Court he did not want to be extradited to the United States, a court sourc...

JPMorgan Cancels Twitter Q&A Because Everyone Was Asking Really Mean Questions

Bring out the Twitter Fail Whale — better yet, the London Fail Whale — for JPMorgan Chase. Somehow not realizing that there would be a lot of people grumpy at the big bank for the London Whale brouhaha last year, bogus credit card protection problems, billions in allegedly toxic mortgage securities and a slew of government investigations JPMorgan asked Twitter … [More]

JPMorgan “Whale” supervisor’s extradition hearing postponed

MADRID (Reuters) - A Spanish court postponed Friday's hearing with an ex-JPMorgan Chase employee at the heart of the bank's "London Whale" trading scandal, delaying proceedings over a U.S. extradition request because of a scheduling conflict.

JP Morgan Makes Helpful List Of Legal Woes, For Those Having Trouble Keeping Track

In its latest corporate confession, the nation’s biggest bank disclosed that it’s facing more than a dozen civil and criminal investigations into its virtually every aspect of its business. Beyond the infamous “London Whale” debacle,...Show More Summary

JP Morgan Chase Rug Thief Explains His Process

Last May marked a simpler time for JP Morgan. Although revelations about the London Whale had already come to light, the bank was still in a period of relative calm, before one needed a spreadsheet to keep track of the various government...Show More Summary

High Frequency Terrorism

Given the Presidential Twitter attack, this material from July 14th 2012 may be relevant for some: There is a real fear in the markets now and it is not being caused by Europe, LIEbor, Linda Green, London Whales, etc. The fear is focused on the structure of how prices are discovered and assets/risk are transferred to willing participants. Show More Summary

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