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Dimon on the Whale: Nearing the End

Jamie Dimon

Along with its first quarter earnings, JPMorgan Chase announced today that the bank had concluded two reviews of the losses by its Chief Investment Office. This is probably best known to you as the London Whale affair, after the nickname given to an employee in the CIO by traders taking the other side of his outsized positions in the derivatives market.

JPMorgan Beats on Earnings Despite Rough Quarter

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Citing strong growth across its banking and asset management segments, JPMorgan Chase's earnings rose strongly in the last quarter of 2012, the bank reported on Wednesday, defying concerns about the global economy and exceeded analysts' expectations.