Who is London Whale?
Bruno Iksil, who would come to be known as the “London Whale,” reported to Martin-Artajo and was the head SCP trader. Julien Grout was a junior trader and reported to Iksil.
Where is Bruno Iksil now?
Bruno Iksil, the former City trader known as the “London Whale”, has spent the past five years at home with his family in France, about 50 miles south of Paris. He runs, cycles or swims each day. He plays card games with his kids and helps with their homework.
Who was the Whale trader?
Trader Bruno Iksil
Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced.
What did Bruno Iksil do?
Bruno Iksil achieved Wall Street notoriety with one of the worst trades in history. He lost $6.2 billion — more than three times the yearly budget of the Securities and Exchange Commission — placing risky bets on complex financial instruments while working for JPMorgan Chase.
What is Jamie Dimon salary?
The package for Dimon — often the highest-paid CEO in U.S. banking — includes $28 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the biggest U.S. bank said Thursday in a regulatory filing.
What happened to the London Whale?
Initially, by the end of the week on May 11, 2012 when the firm held a hastily convened conference call regarding transparency around the London Whale trades, JP Morgan suffered a loss of 14.4 billion from its market capitalization as its stock price fell 11.47% in two days (Ebrahimi, Aldrick & Wilson, 2012).
What is whale trade?
A ‘Whale Trade’ is trading position which results in abnormal profits. Allow me to illustrate; a whale trade generally occurs when a trader who often makes a profit of 10 thousand on a capital of a lakh, ends up with a profit of more than a lakh.
Is Jamie Dimon still married?
James Dimon (/ˈdaɪmən/; born March 13, 1956) is an American billionaire businessman and banker who has been the chairman and chief executive officer of JPMorgan Chase – the largest of the big four American banks – since 2005….
| Jamie Dimon | |
|---|---|
| Spouse(s) | Judith Kent |
| Children | 3 |
Is Jamie Dimon still CEO?
Mr. Dimon, 65 years old, has been CEO since 2005 and has long batted away talk of leaving by promising to stay five more years. Heading into 2022, Mr. Dimon has fresh changes among his top lieutenants and those who could be potential successors.
Who is the VP of JP Morgan?
Doug Braunstein is Executive Vice President and Chief Financial Officer of JPMorgan Chase & Co. He is also a member the firm’s Operating and Executive Committees.
Who is the London Whale and what did he do?
Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of US$2 billion was announced. The loss amounted to more than $6 billion for JP Morgan Chase.
How did the London Whale hedge their portfolio?
The head of the European Equity and Credit unit of the International Investments Office, Javier Martin-Artajo and his Relative Value Strategic Trading head, Bruno Iksil (the London Whale) came up with a strategy to hedge the existing portfolio with a portfolio of options on the credit indices, so as to reduce the losses as well as the associated…
How much did the London Whale really cost JPMorgan?
The trader known as the London Whale lost at least $6.2 billion for JPMorgan Chase & Co. in 2012. That’s a lot of money until you remember that it didn’t stop the bank from earning a record profit of $21.3 billion the same year.
Are there any animals harmed by the London Whale scandal?
And, no animals were harmed in the writing of this article either. The term “London Whale” refers to Bruno Iksil, a former trader at JP Morgan Chase who betted huge sums of money in the derivatives market from his home base in London.