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"It is important that this matter be thoroughly investigated and that all those who are determined to be responsible be held accountable," Levin said in a statement.
JPMorgan, the biggest U.S. bank by assets, has so far weathered the storm. Last year, even with the trading loss, the bank pulled in its biggest annual profit ever and its stock is up by a third from its pre-"London Whale" price.
The bank has also gotten rid of top executives and taken back bonuses of some who were responsible. It has acknowledged mistakes but has been adamant that it did not try to mislead investors.
Prosecutors also announced Wednesday that they had agreed not to prosecute Iksil. The deal requires him to cooperate fully with law enforcement.
Bharara, explaining Iksil’s "rare" non-prosecution deal, said of the ex-trader: "I don’t think you would call him blameless."
But, Bharara added, he "did sound the alarm more than once."
Gordon reported from Washington. Associated Press writer Danica Kirka in London contributed to this report.
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