Senate Slams ‘Whale’ Trades – Wall Street Journal
 CBS News |
Senate Slams 'Whale' Trades
Wall Street Journal J.P. Morgan Chase & Co. brushed off internal warnings and misled regulators and investors about the scope of losses on its "London whale" trades last year, according to a scathing Senate report. One risk gauge at the largest U.S. bank projected in February … Senate report slams JPMorgan for risky trades Senate: JPMorgan ignored risks, fought regulators JP Morgan hid mistakes as trade losses grew, Senate investigation finds |
