• 09 Aug 2012 at 6:25 PM

JPMorgan Still Reaping What Whale Boy Hath Sown

By

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]

Comments (6)

  1. 1
    Posted by derpies | August 9, 2012 at 10:47 PM

    just a bit of a whale boner nbd

    -Ishmael

  2. 2
    Posted by guestier | August 10, 2012 at 8:46 AM

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

  3. 3
    Posted by 2 cubes over | August 10, 2012 at 11:04 AM

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

  4. 4
    Posted by cheap bookmarking service | September 10, 2012 at 10:45 AM

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  5. 5
    Posted by get a free stuff online | September 18, 2012 at 7:55 AM

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  6. 6
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