NEW YORK (Reuters) – The past JPMorgan Chase & Co trader recognised as the "London Whale" wasn’t responsible for Lehman Brothers Holdings Inc's bankruptcy plus cannot be dragged into an $ 8.6 billion suit accusing the biggest U.S. bank of causing it, JPMorgan mentioned. In a Wednesday filing inside Manhattan bankruptcy courtroom, JPMorgan mentioned Lehman knew from documents it produced itself which the trader, Bruno Iksil, had nothing to do with allegedly mismarked derivative trades regarding that Lehman desired to take his deposit. …
There are no comments yet. Why not be the first to speak your mind.