The financial hit JP Morgan Chase incurred at the hands of the trader known as the "London Whale" was more than double that previously reported, with losses from the UK operation totalling $4.4bn, the bank admitted on Friday The bank also revealed it had clawed back two years of annual compensation from those involved as it released its second quarter results, which pegged losses at its chief investment office (CIO) at $4.4bn, up from an initial estimate of $2bn. It is understood that three traders at the heart of the office, including "London Whale" Bruno Iksil, have now left the bank's London operations. The ... (full story)