 "'US considering arrests in JPMorgan 'whale' case'")
US authorities investigating the $6.2-billion 'London Whale' trading losses at JPMorgan Chase & Co are considering making arrests, the latest twist in a case that created a scandal for the largest US bank, according to two people familiar with the situation.
The main target of the investigation is Javier Martin-Artajo, according to the sources, who did not want to be identified because the investigation is ongoing. Artajo worked in London as the direct supervisor of Bruno Iksil, the trader who became known as 'the London Whale' after making outsized bets in a thinly traded derivatives market.
The main target of the investigation is Javier Martin-Artajo, according to the sources, who did not want to be identified because the investigation is ongoing. Artajo worked in London as the direct supervisor of Bruno Iksil, the trader who became known as 'the London Whale' after making outsized bets in a thinly traded derivatives market.