JP Morgan has filed a lawsuit against Javier Martin-Artajo, the man who directly supervised Bruno "the London Whale" Iksil, Bloomberg's Kit Chellel reports.
This spring, JP Morgan found out that Iksil was the source of what came to be a $6.2 billion trading loss.
Details of the suit against Martin-Artajo have not yet been made public because he has not yet acknowledged it officially, says Bloomberg.
However, we do know what JP Morgan's internal investigation found that Martin-Artajo encouraged Iksil to put higher values on his trades than they would've fetched in the open market.
We also know that JP Morgan has said that it will claw back pay for managers responsible for the losses.
Read the full report at Bloomberg>
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