Bloomberg News

The London Whale's Bets Have Always Been Big

June 01, 2012

Bloomberg's Erik Schatzker reports that JPMorgan Chase & Co. trader Bruno Iksil, known as the London Whale because his bets this year were so large, has been a leviathan of a risk-taker since at least 2010, a person with knowledge of the matter said. Iksil’s value-at-risk, a measure of how much a trader might lose in one day, was typically $30 million to $40 million even before this year’s buildup. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

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