Ex-bosses at JPMorgan unlikely to face charges in 'Whale' scandal
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The JPMorgan Chase & Co executives who supervised the traders at the center of the "London Whale" scandal are unlikely to face any charges over a trading debacle that cost the largest US bank more than $6.2 billion, people familiar with the probe said.
Federal prosecutors on Wednesday brought criminal charges against two former JPMorgan traders - Javier Martin-Artajo and Julien Grout - accusing the pair of deliberately understating losses on the trades on JPMorgan's books. (Reuters)
