says that what has been generally under-reported about the London Whale debacle is how badly Excel failed as a financial modeling program. It's all in JP Morgan's 129 page report on the $6 billion ...

a trader at JPMorgan in London who placed the large bets that led to the loss, according to the report. Iksil, dubbed the "London Whale," is not a target of the Justice Department or the ...

Bruno Iksil, the former trader known as the "London whale," is unlikely to face charges related to bets that backfired into losses of more than $6 billion for J.P. Morgan Chase & Co., according to ...