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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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Kathy Burger and Bryan Yurcan also contributed to this report.

The legal fallout from last summer's London Whale scandal hit JPMorgan Chase this week. Two traders involved in the bank's London office, where the trades that led to the scandal originated, are being charged with fraud for allegedly concealing losses from their managers, after a U.S. Senate investigation earlier this year determined that JPMorgan misled regulators and investors about the losses. Bruno Iksil, the London Whale himself, is reportedly cooperating with investigators. We take a look at reactions from around the financial, legal and media industries to the charges and their implications.

 

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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