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JPMorgan's "London Whale" was prodded to boost valuations: WSJ
Aug 3rd, 2012
(Reuters) - JPMorgan Chase concluded that a trader nicknamed "London whale" was urged by his boss to put higher values on some positions than they might have fetched in the open market at the time, the Wall Street Journal said, citing people familiar with the probe. JPMorgan's conclusion is based on a series of emails and voice communications in late March and April, as losses on trader Bruno Iksil's bullish credit-market bet mounted, the Journal said. ... (Source: Reuters) -
LE BOURGET, France (AP) - Airbus and Boeing won pledges for big purchases of their lucrative long-haul wide-body jets at the Paris Air Show Monday, raising hopes that demand is recovering following the worldwide recession. (Source: Associated Press)... [Full Article]
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