Quantcast
Get breaking news alerts via email

Click here to manage your alerts
2 ex-JPMorgan employees charged in $6B loss


< Previous Page


"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.

Join the Discussion
Post a Comment

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.




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.