By Kevin Roose – The news of JPMorgan Chase’s estimated $2 billion loss stemming from a misguided hedging strategy in the bank’s chief investment office has set off a spring-loaded schadenfreude cannon among the industry’s critics.
Jamie Dimon, the bank’s chief, whom The New York Times Magazine crowned “America’s Least-Hated Banker” less than two years ago, has taken a majority of the blame for the enormous loss. The problems have also sharpened the focus on a London trader, Bruno Iksil, who reportedly built up huge credit-related positions in the trading unit, earning him the nicknames “London Whale” and “Voldemort.” more> http://is.gd/QsedT5
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