JPMorgan's (JPM) investment bank reportedly took relatively small but opposite positions to the...
Wednesday, January 30, 5:12 AM ETJPMorgan's (JPM) investment bank reportedly took relatively small but opposite positions to the CIO's office in the latter's $6.2B trading fiasco. JPM managers spoke about combining the two positions to help offset the losses prior to the CIO trades becoming public. "London Whale" Bruno Iksil and boss Javier Martin-Artajo complained internally about the investment bank in the spring of 2012 and accused it of intentionally trying to move the market against the CIO's positions.
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