Where is Bruno Iksil now?
Bruno Iksil, the former City trader known as the “London Whale”, has spent the past five years at home with his family in France, about 50 miles south of Paris. He runs, cycles or swims each day. He plays card games with his kids and helps with their homework.
What did Bruno Iksil do?
Bruno Iksil achieved Wall Street notoriety with one of the worst trades in history. He lost $6.2 billion — more than three times the yearly budget of the Securities and Exchange Commission — placing risky bets on complex financial instruments while working for JPMorgan Chase.
What is Jamie Dimon’s real name?
James Dimon
| Jamie Dimon | |
|---|---|
| Born | James Dimon March 13, 1956 New York City, U.S. |
| Education | Tufts University (BA) Harvard University (MBA) |
| Occupation | Businessman |
| Title | Chairman of The Business Roundtable, Chairman and CEO of JPMorgan Chase |
What sources and contingencies of power gave Bruno Iksil considerable power in the CIO group at JP Morgan?
Iksil was revered for his trading success and repu- tation, which likely gave him considerable power to initiate trades that may have otherwise required higher authority.
What was the London Whale crisis?
In April and May 2012, large trading losses occurred at JPMorgan’s Chief Investment Office, based on transactions booked through its London branch. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced.
How the London Whale debacle is partly the result of an error using Excel?
How The London Whale Debacle Is Partly The Result Of An Error Using Excel. On top of not being tested correctly, the report states that the model suffered from some pretty standard Excel flaws. From the report: During the review process, additional operational issues became apparent.
Who is the CEO of Citigroup?
Jane Fraser (Feb 2021–)
Citigroup/CEO
Citigroup’s New CEO Jane Fraser Plans to Remake the Bank While Crushing Rivals – Bloomberg.
What is Jamie Dimon salary?
JPMorgan boss Jamie Dimon defends $31.5 million yearly salary.
Why do spreadsheets have errors?
Like most programs, using spreadsheet software like Microsoft Excel is a manual process. That means your calculations are always susceptible to human error, such as keying in the wrong numbers or copying over the wrong amounts.
What are some examples of spreadsheet errors?
Common Spreadsheet Errors
- Multiple tables.
- Multiple tabs.
- Not filling in zeros.
- Using bad null values.
- Using formatting to convey information.
- Using formatting to make the data sheet look pretty.
- Placing comments or units in cells.
- More than one piece of information in a cell.
Who was the London Whale and what did he do?
A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank’s “hedging” strategy. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market.
When did Bruno Iksil stop making trades at JPMorgan?
Iksil reportedly stopped making trades in early April, but when the second-quarter losses were announced yesterday, all eyes went back to the Whale, who started at JPMorgan in 2005, according to the U.K. Financial Services Authority, and commutes to work from Paris.
Who was the London Whale trader at JPMorgan?
Although JPMorgan CEO Jamie Dimon did not pin the “egregious and self-inflicted mistakes” that led to $2 billion in losses on any one person, warning signs about the big risks last month pointed to an easygoing trader named Bruno Michel Iksil, known playfully as “the London Whale.”
Who is the White Whale at JP Morgan?
Iksil, also called “the White Whale” and “Voldemort” by wary counterparts, is a “low-profile” French trader working for the company’s Chief Investment Office out of London, according to The Wall Street Journal. There, he prefers to wear black jeans without a tie, and has been making about $100 million a year working with credit-default swaps.