JPMorgan’s London Whale Could Use New Nickname
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April 13 (Bloomberg) -- Late last week, a little-knowntrader at JPMorgan Chase & Co. in London, Bruno Iksil, awoke tofind his life changed forever.
In an instant, Iksil had become famous as the guy whoinfuriated some of his bank’s counterparts so much that theycomplained to Bloomberg News journalists he was skewing thecredit-derivatives markets with his outsized bets, one of whichthey said may be as large as $100 billion. Worse yet, the worldlearned Iksil had earned two unforgettable nicknames: (1) TheLondon Whale, and (2) Voldemort, after the Harry Potter villain.