Notorious Trades
JPMorgan Chase disclosed Thursday that its trading group suffered a $2 billion loss in its trading division due to trades from its Chief Investment Office. Dimon said the losses were “somewhat related” to traders in London, namely trader Bruno Iksil, nicknamed the “London Whale,” who took an outsized position that hedge funds bet against and was mentioned in a WSJ report last month.
On Thursday, JPMorgan Chase & Co revealed a surprise trading loss of at least $2 billion on complex investments made by its traders. We take a look at some notable traders that went amok in the recent past. --by Siemond Chan and Caroline Kim
