Senate Report: JP Morgan Lied & Deceived Regulators, Investors And Public on London Whale Losses

JPMorganAfter today’s market close, and ahead of tomorrow morning’s 9:30am Senate hearing on JPM’s London While IG9 trades that cost the firm upwards of $10 billion, the Senate Permanent Committee on Investigations has released a 300 page document titled JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses in which the Senate Committee accuses JPMorgan and Jamie Dimon in particular of lying to and intentionally deceiving regulators, investors, and the public regarding the extent of the derivatives losses the firm sustained as Bruno Iksil nearly took down the ship in early 2012.

Full senate report is below:

 

REPORT – JPMorgan Chase Whale Trades (3!15!13)2