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JPMorgan faces whale lawsuit

Beached Whale

JPMorgan must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2bn in the 'London Whale' scandal.

'London Whale' cuts a deal to avoid prosecution

Beached Whale

The former JPMorgan trader known as the 'London Whale' will not be prosecuted for the whopping losses he was involved in, as he made a non-prosecution deal with the Department of Justice in exchange for his cooperation, sources told CNBC.

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