The Huffington Post
Two former JPMorgan Chase employees are expected to be arrested for their role in the so-called “London Whale” scandal that lost the bank roughly $6.2 billion last year, The New York Times reports. The arrest of the employees, Javier Martin-Artajo and Julien Grout, will reportedly take place in London.
Not among those expected to be charged is the London Whale himself, one Bruno Iksil, who built up the massive positions in the derivatives market that eventually cost the bank billions, according to a Reuters report published Thursday. According to a later report, Iksil will have to play a key role in any arrests related to the scandal.