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JPMorgan Still Reaping What Whale Boy Hath Sown

JPMorgan can’t outrun the ripples from its multibillion-dollar “London Whale” trading blunder. The largest U.S. bank admitted Thursday in a federal filing that it pushed back a plan to resume share buybacks, scaled back several key measures of capital at the request of regulators and lost money on 28 trading days in the second quarter. The developments came as the New York company tried to unwind a series of problematic positions taken by a trader in the bank’s Chief Investment Office nicknamed the “London Whale” for his outsize market bets. [WSJ]

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6 Responses to “JPMorgan Still Reaping What Whale Boy Hath Sown”

  1. derpies says:

    just a bit of a whale boner nbd

    -Ishmael

  2. guestier says:

    BOOOOOOOOOOOOOYAH SKEEEEEEEEEEEEEEEEE DADDDYYYYYYYYYYYYYYY!!!!!! CRAMER HERE, WISH IT WAS 2007 AGAIN

  3. 2 cubes over says:

    Yes, yes, yes, & yes (but blow hole only)

  4. GtuwcL Im grateful for the post.Thanks Again.

  5. Awesome blog.Really thank you! Keep writing.

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