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 ...

Option-market investors may need to keep buying S&P 500 futures until the end of the quarter, says this former trader ...

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 ...