Sentences with phrase «whale trading loss»
The committee has taken heat for an alleged lack of oversight for the London Whale trading loss last year.
https://www.cnbc.com/
Surprising to some, the lower tally on the vote to split roles comes after a year in which investors were rankled over the $ 6.2 billion London Whale trading loss, which resulted in Dimon being summoned to testify before Congress.
A Senate report on the London Whale trading losses shows that J.P. Morgan needs to make major shifts at the top to move past this mess.
On Thursday, U.S. and U.K. regulators announced that JPMorgan Chase would admit wrongdoing and pay $ 920 million in penalties for its so - called London Whale trading losses in 2012.
Not exact matches
Last month, Dimon prevailed at the bank's annual meeting when only 32 percent of shareholders voted in favor of a proposal — backed by activist groups after the «London Whale» trading losses — to strip him of the chairmanship.
After JPMorgan recently resisted a settlement with the nation's commodities trading regulator, the people briefed on the matter said, the agency began drafting a lawsuit connected to the bank's multibillion - dollar «London whale» trading loss last year.
On January 19th, 2016, a federal judge preliminarily approved a class action settlement on behalf of JPMC shareholders who alleged suffering losses as a result of the bank's supplying false and misleading statements concerning the risks and losses arising from the secret proprietary trading activities of the «London Whale,» a rogue London - based JPMC trader who caused the bank to suffer $ 6.2 billion in losses.
The announcement came on the same day JPMorgan agreed to pay $ 920 million to settle investigations by U.S. and Britain regulators into the «London Whale» trading losses.
For the manatee, walrus, dolphin, and killer whale, the return to the sea involved many evolutionary trade - offs amongst hundreds of genes: a general loss of the number of sensory genes for smell and taste, new functions for genes forming skin and connective tissue, and genes involved in muscle structure and metabolism.