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Jonathan Camhi
Jonathan Camhi
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What's Next? 6 Views on the London Whale Indictments

Charges against two traders at JPMorgan's London office shine a light on risk management problems at the bank and raise questions about the future of the investigation into the scandal.
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Will Bigger Fish Fry?

"Two arrests are a good start, but it must be the beginning of a major change at the Department of Justice and the SEC where they finally apply the law without fear or favor to the wealthy, powerful and well-connected of Wall Street. All eyes are on the next moves by DOJ and the SEC. Are they going to just arrest minnows or are they also going after the law-breaking whales that made the key decisions, disclosures and public statements?"


— Dennis Kelleher, CEO of Better Markets, a nonprofit group advocating financial reform, wrote in a statement.

[The Tao of Dimon: JPMorgan Chase CEO Jamie Dimon's Most Memorable Quotes]

 

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

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Cara Latham
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Cara Latham,
User Rank: Apprentice
8/19/2013 | 6:58:00 PM
re: What's Next? 6 Views on the London Whale Indictments
While the arrests are a good start, I think Kelleher makes a good point about the need for regulators to dig deeper. Unfortunately, I think we are still a ways off from seeing that happen.
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