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.
August 16, 2013


The Real Problem

"The allegations made by the government — fraud, concealment of facts, falsification of losses both internally and to the outside world — are certainly worthy of prosecution. But they don't address the underlying problem: how did a firm renowned for its risk management fail to stop a multi-billion dollar loss in the first place?"


— Michael Bobelian, Forbes

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